Srinagar, Nov 30: In connection with the J&K Cooperative Bank fraud of over Rs 250 crore in the name of a fictional housing association, the Enforcement Directorate (ED) is conducting searches, according to officials today. The ED’s Srinagar office released a brief statement stating that six locations—including the former J&K Cooperative Bank chairperson’s premises—had been targeted. “In the money laundering case related to J&K (cooperative) Bank Fraud of more than Rs 250 Cr in the name of fictitious Society namely River Jhelum cooperative House building Society, the Srinagar ED office is conducting search u/s 17 of PMLA today,” the statement states. The statement said, “A total of six premises have been covered, including the then-chairperson J&K (cooperative) Bank and Trustees of Society in Srinagar.”Notably, Mohd Shafi Dar, Hilal Ahmed Mir (Chairman of Fake Society), and other individuals have already been charged by the ACB with crimes under the Corruption Act and IPC sections.
