Omar Abdullah appears before ED in Delhi in money laundering case
By: Tariq Shah VOV
Former Jammu and Kashmir Chief Minister Omar Abdullah on Thursday morning visited the office of Enforcement Directorate (ED) and his statement was recorded regarding the J&K Bank money laundering case.
According to the news agencies from New Delhi, ED has summoned Omar Abdullah after having some information regarding the property bought by J&K Bank in the year 2012 and his name has reportedly figured while ED was investigating the money laundering case of J&K Bank.
The Central Bureau of Investigation (CBI) had earlier booked former J&K Bank Chairman Mushtaq Ahmad Sheikh and others for alleged irregularities in sanctioning of loans and investments.
Taking cognizance 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.”
With Agencies inputs