Excelsior Correspondent
SRINAGAR, June 2: Anti-Corruption Bureau (ACB) today issued ‘Hue and Cry’ Notice to nab the accused Mohammad Shafi Dar, ex-Chairman J&K Co-operative Bank Ltd in a Rs 233 crore fraud which surfaced in March this year.
The notice stated the person in the notice is wanted in a case and that the person having any knowledge about him can contact the ACB and will be suitably rewarded.
Dar is accused in a scam which involved sanctioning an amount of Rs 223 crore fraudulently in favour of non-existent Co-operative Society ‘River Jhelum Co-operative house Colony’ at Shivpora Srinagar run by Hilal Ahmad Mir of Magarmal Bagh.
Earlier, in May this year Hilal Ahmad Mir of Magarmal Bagh was arrested by the ACB and an amount of Rs 187 crore siphoned by him was also recovered.
The ACB had earlier stated that Mir by acting in league with bank Chairman and others had prepared a fake and fictitious Registration Certificate in the name of Society and managed the sanction of loan to the amount of Rs. 223 crores.
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