SRINAGAR: Former Deputy Mayor of Srinagar Municipal Corporation Sheikh Imran was on Friday arrested by the Anti-Corruption Bureau (ACB) in a case pertaining to alleged misappropriation of crores of rupees from the Jammu and Kashmir Bank, officials said.
Imran, who was removed as Deputy Mayor of the Srinagar Municipal Corporation (SMC) after a no-confidence motion against him was carried in the corporation on Thursday, was taken into custody by the ACB for questioning in connection with illegal appropriation of subsidy given to his company for setting up of a Controlled Atmosphere (CA) store, they said.
“The ACB investigation has revealed that a large amount of loan was diverted which was meant for construction of a CA store,”a spokesman of the ACB said.
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