Image Source: TRIBUNE

The Anti Corruption Bureau (ACB) has unearthed whopping Rs 223 crore scam involving senior officers of the Jammu and Kashmir Co-operative Bank Ltd.

The ACB conducted a probe after it surfaced that Mohammad Shafi Dar, Chairman J&K Co-operative Bank Ltd, Rajbagh had sanctioned an amount of Rs 223 crore fraudulently in favour of non-existent Co-operative Society ‘River Jhelum Co-operative Housing Building at Shivpora Srinagar run by Hilal Ahmad Mir of Magarmal Bagh.