CBI raids multiple places in alleged multi-crore J&K bank fraud case

The anti-corruption branch of the CBI Srinagar is carrying out searches at multiple locations in Mumbai, Delhi, Jammu, and Srinagar in a case related to the purchase of office space of approximately 65000 sq ft area J&K Bank in Mumbai.

According to the reports, the searches are being carried out simultaneously by CBI sleuths at the residences of Haseeb Drabu, then Chairman of J&K Bank, besides members of the Estates Committee of the board of directors of the Bank, including A.K. Mehta, then Executive Director, and the then Directors Mohammed Ibrahim Shahdad and Vikrant Kuthiala.

It has been alleged that the members of the Estate Committee of the board of directors received kickbacks in crores for facilitating the said deal. As per the KNO report, “incriminating documents, numerous bank account details, bank locker keys and other related documents were seized by the CBI” during today’s raids.

J&K Bank officials confirmed the searches which were still going on when this report was filed.