SRINAGAR, Oct. 20 -- The Anti-Corruption Bureau (ACB) lodged an FIR on Saturday in the Jammu and Kashmir Bank loan fraud case involving an amount of over Rs 1,100 crore, officials said.
The said amount was advanced by the bank to Rice Exports India (REI) Agro Ltd. Soon after the registration of the FIR, different teams carried out extensive searches at the houses of over a dozen accused bank officials, including its former chairman Mushtaq Ahmad Sheikh, at nine locations in Kashmir, four in Jammu and three in Delhi, an ACB spokesperson said in a statement here.
He said the houses of REI Agro's chairman Sanjay Jhunjhunwala and vice president and managing director Sandeep Jhunjhunwala were also searched in Delhi.
Further investigation into...