India, April 3 -- Depositors' money in Jammu and Kashmir State Cooperative Agriculture and Rural Development Bank is safe, Cooperative Minister Javid Ahmad Dar said on Thursday, noting that the process to appoint a liquidator is underway following an alleged Rs 181 crore embezzlement.Education news

The assurance was given by the minister in the Legislative Assembly after BJP legislators rose from their seats during Zero Hour, pressing for a government statement on the issue, which Speaker Abdul Rahim Rather described as "very serious".

"We have already initiated the process to appoint a liquidator. The matter involves various technicalities and pertains to around Rs 181 crore, so it cannot be resolved overnight. I want to assure accou...