Srinagar, July 22 -- The ED named 12 individuals in its chargesheet, including the then Canara Bank Branch Manager Kuldeep Kumar and several travel company owners who allegedly used fabricated documents to avail credit facilities under the guise of promoting tourism.

Among the accused are Imtiyaz Ahmad Bhat of M/s Space Travels, Gowhar Nazir Shah of M/s Greenland Travels, and Mushtaq Ahmad Wani of M/s Al-Khair Haj & Umrah Services, among others. The ED said these entities were either non-existent or shell companies used to siphon off funds through fake travel businesses.

The fraudulent loans were issued between 2012 and 2014 without proper verification, and many of the firms defaulted soon after, triggering suspicions. The ED began prob...