The Anti-corruption branch of the Central Bureau of Investigation (CBI) Srinagar has registered a case over the alleged embezzlement of public money at J&K Grameen Bank, Mirgund branch.
An official said that 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. He further said these loans were sanctioned between 2014 to 2018.
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While confirming the registration o f FIR, official said that subsequent searches were made by CBI sleuths and incriminating documents, numerous bank account details, and other related documents were seized. (KNO)