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KNZ NEWS DESK

New Delhi, Apr 7: Former Jammu and Kashmir Chief Minister Omar Abdullah was today questioned by the Enforcement Directorate (ED) in the J&K Bank money laundering case.

The Central Bureau of Investigation (CBI) had earlier booked former J&K Bank Chairman Mushtaq Ahmad Shaikh and others for alleged irregularities in sanctioning of loans and investments.

Taking cognisance of CBI’s FIR, ED has initiated a Prevention of Money Laundering Act (PMLA) probe.

CBI in 2021 had registered a case against the then management of J&K Bank for buying a property from M/s Akruti Gold Builders in Mumbai’s Bandra Kurla in 2010 allegedly at an exorbitant rate of ₹ 180 crore in “blatant disregard to the tendering process under a well-knit conspiracy.” (Agencies)