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Another Rs 250 Crore bank fraud case

SRINAGAR, 27 September 2020, (TON): The administration on 26 September 2020, suspended two senior Kashmir Administrative Service (KAS) officers namely Mujib-ur-Rehman Ghassi, Special Secretary to the Government, Industries and Commerce Department, and Ashiq Hussian, Deputy Registrar Cooperative Societies Jammu and Kashmir for Rs 250 Crore bank fraud.

Sources at General Administration Department (GAD) confirmed that inquiries against both the officers are in progress. It was informed that Anti-Corruption Bureau (ACB) has also registered cases against them. Sources says that such cases of money laundering have become quite common and this black money is used in terrorism and drugs smuggling.

Corruption has destroyed the Indian society, if we recall last year there was Rs 353 crore has been detected in the Bengaluru branch of Jammu and Kashmir Bank (JKB), in which state government had 60% of stake. In another scandal the government of India is also planning to merge the bank with State Bank of India.

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