NEW DELHI, Oct 10: The ED has attached assets worth Rs 3.40 crore of a former Jammu and Kashmir Grameen Bank branch manager, his family members and some others in a case linked to alleged fraud with the lender.
A provisional order was issued under the Prevention of Money Laundering Act against former bank official Ishtiyaq Ahmad Parray, Tariq Ali Parray, Haseena Bano and Maqsood Ali Parray to freeze their properties located in Srinagar and a flat in Delhi’s Zakir Nagar area.
The money laundering case raised from a charge sheet filed by the Central Bureau of Investigation against Ishtiyaq and 10 others for “embezzlement” of funds to the tune of Rs 6.30 crore by fraudulently sanctioning various types of loans to non-existent borrowers.
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