The ED on Thursday searched 6 places related to the J&K Bank in connection with a Rs 250 crore money laundering case.
They stated, the searches included the premises of the former bank chairperson. The fraud was in the name of a fictitious housing society, the River Jhelum Cooperative Housing Building Society.
The raids were conducted by the ED’s office in Srinagar under Section 17 of the Prevention of Money Laundering Act (PMLA).
