The English daily Tribune reports the ED has attached properties including houses worth Rs 2.45 crore belonging to Mohammad Shafi Dar and Abdul Hamid Hajam in the Jammu and Kashmir State Cooperative Bank (JKSTCB) loan fraud case of 2019.
A loan amounting to Rs 223 crore was illegally given to a fake cooperative society called River Jehlum Cooperative House Building Society, Shivpora in Srinagar, by the then Chairman of the JKSTCB and others.
The ED initiated investigation on the basis of an FIR and charge sheets filed in the case.