Srinagar, June 13 -- According to officials, the CBI's Anti-Corruption Branch in Srinagar initiated a formal investigation after credible information revealed large-scale misappropriation of post-flood financial assistance meant for non-insured shopkeepers with turnovers below Rs.10 lakh.

Following a Joint Surprise Check (JSC) at the DC Office's Accounts Section on March 6, 2025, and subsequent formal verification, the CBI found that officials had manipulated lists of beneficiaries. The scam involved depositing unspent flood relief funds into the Additional Treasury Tankipora under inconsistent figures ranging from Rs.31.54 crore to Rs.42 crore.

Fake Lists, Fictitious Associations

As per the CBI findings, two non-existent organizations...