J & k: The Central Bureau of Investigation (CBI) on Tuesday, May 10, conducted searches at 8 locations in Jammu and Srinagar, Mumbai, Delhi in connection with the Jammu and Kashmir Bank buying 65,000 sq ft office space in Mumbai in 2010.
A senior CBI official informed that multiple raids were conducted at the residences of Haseeb Drabu, then Chairman of J-K Bank, members of the Estates Committee of the board of directors of the Bank including AK Mehta, then Executive Director, and the then Directors Mohammed Ibrahim Shahdad and Vikrant Kuthiala.
The searches are being conducted in connection with a case registered on November 1, 2021 on allegations of irregularities in the purchase of Akruti Gold building for ₹180 crore by J&K Bank for its integrated office at Mumbai in 2010, a CBI statement said.
The Jammu and Kashmir government last year referred the case to CBI for a probe. CBI had also conducted searches earlier at various locations including Mumbai, Hyderabad and Kolkata in the case.
The raids are underway at several locations, the officer added.
Last month, the Enforcement Directorate (ED), which also initiated a money laundering probe on the basis of CBI’s first information report (FIR), questioned National Conference vice president and former Jammu and Kashmir chief minister Omar Abdullah.
Abdullah, who was at the ED office for about four hours, later told reporters that he was called for questioning in the 12-year-old case and “will further help them if they need me”. His party, however, questioned ED move as a “vicious vilification” of the former chief minister and a reflection that the central agency continued to be misused.