J&K Bank Officials, Realtor Booked For Rs 600-Crore Fraud
The J&K’s Anti-Corruption Bureau registered two corruption cases against a Delhi-based realtor, various officials of the lender.
The Jammu & Kashmir’s Anti-Corruption Bureau registered two corruption cases against a Delhi-based realtor and various officials of The Jammu & Kashmir Bank Ltd. for their alleged roles in defrauding the lender of over Rs 600 crore.
After registering two FIRs under various sections of the Ranbir Penal Code and the Prevention of corruption Act, the anti-graft sleuths conducted search and seizure at the residential and official premises of Ambience Group promoter and director Raj Singh Gehlot, a spokesperson said.
He said searches were carried out at residence and home of Gehlot in New Delhi.
Various incriminating documents and electronic evidences were recovered and seized by the team, he said, adding that further probe is on in the matter.
The spokesperson said preliminary enquiry into the matter revealed that Gehlot's two firms— Aman Hospitality Private Limited and Messrs Ambience Towers Private Limited —in collusion with various bank officials, repeatedly secured loans from the Bank between 2016 and 2019 in breach of various banking laws and bylaws.