2 Senior J&K Officials Suspended In Alleged Rs 250 Crore Bank Fraud Case
The case used to be registered by means of the Anti-Corruption Bureau (ACB) on August 25. (Representational)
Srinagar:
The Jammu and Kashmir management on Saturday suspended two senior officers pending an inquiry into their behavior in a case referring to Rs 250-crore financial institution fraud, officers stated.
The management suspended Kashmir Administrative Carrier (KAS) officer Mujib-ur-Rehman Ghassi, Particular Secretary to the Executive, Industries and Trade Division, and Ashiq Hussian, Deputy Registrar Cooperative Societies J-Ok, pending an inquiry in opposition to them, they stated.
The officers stated two separate suspension orders had been issued on Saturday in opposition to the officers by means of the Normal Management Division (GAD).
The officers stated Ghassi will stay connected with the GAD all through the duration of his suspension, whilst Hussain shall stay connected within the place of job of the Divisional Commissioner, Kashmir.
The names of each the officers had been discussed in a case, registered by means of the Anti-Corruption Bureau (ACB) on August 25, associated with Rs 250 crore mortgage to a non-existent cooperative housing society two years in the past.
The ACB produced a charge-sheet in opposition to 3 individuals, together with a former chairman of Jammu and Kashmir Cooperative Financial institution, for sanctioning a Rs 250 crore mortgage to a non-existent cooperative housing society.
The ACB filed the charge-sheet in opposition to Mohammad Shafi Dar, the then chairman of J-Ok State Cooperative Financial institution Restricted (JKSTCB), Hilal Ahmad Mir, chairman of non-existent River Jhelum Cooperative Area Construction Society, Srinagar, and Abdul Hamid Hajam, secretary of the non-existent River Jhelum Cooperative Area Construction Society, Srinagar, in step with officers.
The anti-graft frame registered the case in opposition to Dar and others underneath more than a few sections of the Prevention of Corruption Act for allegedly sanctioning a mortgage to the track of Rs 250 crore in favour of the non-existent society for the aim of building of a satellite tv for pc township at Shivpora locality in Srinagar, bypassing the credit score coverage of the financial institution and at the foundation of false and fabricated paperwork, they stated.
The ACB investigation published that a conspiracy used to be hatched between Dar, Mir, Hajam, Mujib Ur Rehman Ghasi — the then registrar of cooperative societies, J-Ok, Syed Ashiq Hussain — deputy registrar cooperative societies, and others in growing the faux society in 2018-19 with a view to download a mortgage from the financial institution, officers stated.
