3, March, 2024
HomeIndiaEnforcement Directorate Raids Jammu and Kashmir Bank in Rs 250 Crore Money Laundering Case

Enforcement Directorate Raids Jammu and Kashmir Bank in Rs 250 Crore Money Laundering Case

Published on

The Enforcement Directorate conducted searches at six locations linked to the Jammu and Kashmir Bank, including the premises of the former bank chairperson, as part of a money laundering investigation involving Rs 250 crore.

The case revolves around a fraudulent scheme associated with a fictitious housing society named the River Jhelum Cooperative Housing Building Society.

The ED’s actions were carried out in Srinagar under Section 17 of the Prevention of Money Laundering Act (PMLA).

Read Also | Henry Kissinger’s Impactful Moments in American Foreign Policy

Latest articles

WhatsApp Unveils Handy Pop-Out Chat Feature for Windows Beta

WhatsApp is set to revolutionize user experience with the introduction of a new pop-out...

Not-So-Neighborly Hollywood Stars: Tales of Trespassing and Turmoil

Living next to a Hollywood celebrity might sound like a dream, but for some...

Global Recognition: ‘Drishyam’ Franchise Set for Hollywood Remake After Korean Success

The Drishyam franchise, celebrated for its triumph in India and China, is poised for...

More like this

TMC Leader Sheikh Shahjahan Arrested in Sandeshkhali Violence Case

In the early hours of Thursday, Sheikh Shahjahan, a prominent figure in the Trinamool...

Manipur Police Officer Abducted: A Terrifying Ordeal Amid Ethnic Strife

In the midst of the prevailing ethnic violence in Manipur, a senior police official,...

Farmers’ Protest Sparks Fuel Shortage Crisis in Punjab and Haryana

The ongoing farmers' protest has led to an unprecedented fuel crisis in Punjab and...
Enable Notifications OK