The J&K Bank is itself is being investigated by the Anti-Corruption Bureau of the state for a loan fraud of over Rs. 117 crore and for making 1200 irregular appointments during the tenure of the PDP-BJP government. The Bank’s chairman has already been sacked. Other government agencies may also begin enquiries into the bank’s irregular loan disbursements. Political heavyweights in the state would be publicly discredited by such corruption charges and their monetary resources squeezed. The NIA meanwhile is also probing the Bank’s possible role in terror-financing.
Twitter: @Bharatitis
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