Excelsior Correspondent
Srinagar, Oct 22: High Court today directed the Anti-Corruption Bureau to complete the investigation and file supplementary charge sheet as early as possible in rs 250 crore J&K State Cooperative Bank Limited (JKSCBL) scam.
As per the FIR (FIR No.04/2020 of P/S Anti-corruption Bureau, Srinagar), accused Mohammad Shafi Dar, the then Chairman, J&K State Cooperative Bank Limited, fraudulently sanctioned loan of Rs.250 crores in favour of a non-existent Cooperative Society, namely, River Jhelum Cooperative House Building Society Ltd.
Justice Sanjay Dhar directed the Anti-Corruption Bureau to complete the investigation and file the supplementary charge sheet as early as possible, preferably within a period of one month from today.
Court on bail application of accused Hilal Ahmed Mir said that he shall be at liberty to move the trial court and if any such application is filed, Justice Dhar directed the trial court to consider the application independently on its own merits without being influenced by dismissal of this petition.
“Having regard to the aforesaid analysis, without expressing any opinion on the merits of the case, I am of the opinion that the petitioner cannot be released on bail at this stage”, Justice Dhar recorded and dismissed the bail application of accused Mir.
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