ED attaches properties worth Rs 10.63 crore in J&K Bank PMEGP loan fraud case
Srinagar, Nov. 10 -- The Enforcement Directorate (ED) on Monday said it had provisionally attached 11 immovable properties worth Rs 10.63 crore in Srinagar and Bandipora districts in connection with the alleged misuse of the Prime Minister Employment Generation Programme (PMEGP).
In a statement issued here, a spokesperson said the ED's Srinagar Zonal Office had attached the properties under the Prevention of Money Laundering Act (PMLA), 2002.
He said the Provisional Attachment Order was issued in respect of 11 assets comprising land and buildings in Srinagar and Bandipora districts, which are allegedly in the possession of suppliers-cum-brokers, bank officials of J&K Bank and other persons involved in the alleged misuse of the PMEGP sch...
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