Two Senior J&K Officials Suspended in Rs 250 Crore Bank Fraud Case

Srinagar: The Jammu and Kashmir administration on Saturday suspended two senior officials pending an inquiry into their conduct in a case pertaining to Rs 250-crore bank fraud, officials said The administration suspended Kashmir Administrative Service officer Mujib-ur-Rehman Ghassi, Special Secretary to the Government, Industries and Commerce Department, and Ashiq Hussian, Deputy Registrar Cooperative Societies J-K, pending an inquiry against them, they said. The names of both the officials were mentioned in a case, registered by the Anti-Corruption Bureau on August 25, related to Rs 250 crore loan to a non-existent cooperative housing society two years ago. The ACB produced a charge-sheet against three persons, including a former chairman of Jammu and Kashmir Cooperative Bank, for sanctioning a Rs 250 crore loan to a non-existent cooperative housing society. The ACB filed the charge-sheet against Mohammad Shafi Dar, the then chairman of J-K State Cooperative Bank Limited, Hilal Ahmad Mir, chairman of non-existent River Jhelum Cooperative House Building Society, Srinagar, and Abdul Hamid Hajam, secretary of the non-existent River Jhelum Cooperative House Building Society, Srinagar, according to officials.