CBI conducts searches in irregularities in purchase of integrated office of j & k bank at Mumbai

CBI CONDUCTS SEARCHES AT EIGHT LOCATIONS IN AN ONGOING INVESTIGATION OF A CASE RELATED TO ALLEGED IRREGULARITIES IN PURCHASE OF INTEGRATED OFFICE OF J&K BANK AT MUMBAI

THE Central Bureau of Investigation is today conducting searches at 08 locations including at Jammu, Srinagar & Mumbai at the premises of then members of Estate Committee of the Board of Directors including then Chairman of J&K Bank, then Directors, then Executive Director. Incriminating documents, articles & electronic evidences, several bank account details and bank locker keys have been recovered during searches.

CBI had registered a case on 11.11.2021 on the allegations of irregularities in purchase of Akruti Gold building for Rs. 180 crore (approx) by J&K Bank for its integrated office at Mumbai in 2010.

The said case was referred by J&K Government. CBI had also conducted searches earlier at various locations including at Mumbai, Hyderabad and Kolkata.

Investigation is continuing.