Srinagar: Anti-corruption branch of the CBI (Crime Branch of India) Srinagar has registered a case over the alleged embezzlement of public money at J&K Grameen Bank Mirgund branch in North Kashmir’s Baramulla district.
According to CBI, Ishtiyaq Ahmad Parray, then the branch head of the bank had sanctioned number of car loans worth crores in favour of non-existing borrowers on the basis of fake vehicle registration documents in league with other private parties.
Moreover, loans were sanctioned between the years of 2014 – 2018.
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While confirming the registration of FIR, an official said that subsequent searches were made by CBI sleuths and illegal documents, numerous bank account details, and other related documents were seized.
(KNO Feed)
