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Agencies:

ED conducts searches at seven locations in Jammu and Kashmir in connection with suspicious transactions in J&K Bank

Srinagar
November 23, 2020

The Directorate of Enforcement on Saturday (November 21, 2020) conducted searches at seven places across Jammu and Kashmir under the provisions of Prevention of Money Laundering Act, 2002 (PMLA) in a case relating to suspicious transactions in J&K Bank.

The ED conducted raids at six locations in Srinagar and one in Anantnag district.

The ED initiated investigation under PMLA after CID, CIK Srinagar registered FIR against bank officials of J&K Bank, unidentified public servants and private persons and others for suspicious transactions in various bank accounts.

The ED said that it has been alleged in the FIR that the bank accounts were used for routing money of public servants as well as some private parties.