NEW DELHI, March 7 : Former J&K chief minister Mehbooba Mufti is under investigation in connection with the J&K Bank scam for which she has now been summoned by the Enforcement Directorate, according to top sources.
Two-and-half months ago, the ED had seized Rs 28 lakh ‘unexplained’ cash from the premises of a close aide of the former CM, Anjum Fazili.
According to sources, the agency had seized evidence related to the J&K bank scam during searches at Fazili’s premises in Srinagar and Delhi in December last year.
The probe into the bank revealed irregularities such as sanctioning of huge loans without collaterals to entities that had defaulted and their accounts turned NPAs.
Two former chairmen of J&K Bank have been accused of being in league with the political establishment and appointing people at key positions in the bank to facilitate loan scam.
Accounts were opened in J&K Bank in violation of KYC guidelines, using fictitious documents.
Besides Mehbooba Mufti, former J&K CM and National Conference president Farooq Abdullah is also being investigated in the J&K scam.
Abdullah, during his tenure as CM, had also allegedly opened a “duplicate” account of the J&K Cricket Association in the J&K Bank with his personal authorization as the then president of JKCA.
Later, the ED had claimed that its investigation revealed serious charges of loan frauds to the tune of Rs 7 crore against the former chief minister and some of his close aides.
Fazili, a former MLA, is considered close to Mehbooba Mufti. (Courtesy TNN)
