The CBI had earlier booked former J&K Bank Chairman Mushtaq Ahmad Shaikh and others for alleged irregularities in sanctioning loans and investments.
New Delhi: Former Jammu and Kashmir Chief Minister Omar Abdullah was today questioned by the Enforcement Directorate (ED) in the J&K Bank money laundering case.
The Central Bureau of Investigation (CBI) had earlier booked former J&K Bank Chairman Mushtaq Ahmad Shaikh and others for alleged irregularities in sanctioning of loans and investments.
Taking cognisance of CBI’s FIR, ED has initiated a Prevention of Money Laundering Act (PMLA) probe.
CBI in 2021 had registered a case against the then management of J&K Bank for buying a property from M/s Akruti Gold Builders in Mumbai’s Bandra Kurla in 2010 allegedly at an exorbitant rate of ₹ 180 crore in “blatant disregard to the tendering process under a well-knit conspiracy.”
Mr Abdullah’s party, the Jammu Kashmir National Conference (JKNC), has slammed the Centre, accusing it of using central agencies for political purposes.