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J&K Bank Mumbai office purchase probe: CBI searches 8 places

By: Nasir Azam

Srinagar, May 10: The Central Bureau of Investigation (CBI) on Tuesday carried out searches at multiple locations including residence of former Finance Minister Haseeb Drabu for alleged irregularities in purchase of J&K Bank’s integrated office at Mumbai during NC- Congress rule in 2010.

An official of CBI told news agency Kashmir News Observer (KNO) that its sleuths carried out searches at eight locations including the premises of then chairman of J&K Bank Haseeb Drabu, then Executive Director AK Mehta and  the then directors Muhammed lbrahim Shahdad and Vikrant Kuthiala.

They were members of the Estates Committee of J&K Bank when the office of J&K Bank in Mumbai was purchased.

During the searches, the CBI official said, incriminating documents, articles & electronic evidence, several bank account details and bank locker keys were recovered.

On November 11, 2021, CBI had registered a case on the allegations of irregularities in purchase of Akruti Gold building for Rs 180 crore by J&K Bank for its integrated office at Mumbai in 2010. The said case was referred by the J & K government to the CBI.

Last month, former Chief Minister Omar Abdullah was questioned by the Enforcement Directorate in connection with the purchase of J&K Bank office at Mumbai, allegedly at an exorbitant price.

It is worthwhile to mention that Drabu was finance minister in the last PDP-BJP government. In December 2018, Drabu resigned from membership of Peoples Democratic Party, ending his four-year political journey with the party. —(KNO)

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