State
J&K Bank: ED carries out raids at 6 locations in connection with Rs 250 cr fraud case
By: TP News
Date: 11/30/2023 12:39:04 PM
Jammu:The Enforcement Directorate on Thursday searched six places related to the Jammu and Kashmir Bank in connection with a Rs 250 crore money laundering case, officials said.
The searches included the premises of the former bank chairperson, they said.
The fraud was in the name of a fictitious housing society, the River Jhelum Cooperative Housing Building Society, the officials added.
The raids were conducted by the ED’s office in Srinagar under Section 17 of the Prevention of Money Laundering Act (PMLA).