J & K News reports ACB has registered an FIR in Rs 1000 crore Jammu and Kashmir Cooperative Housing Corporation, HUDCO loan scam.
The enquiry revealed that the Chairman, Managing Directors and other officials who were at the helm affairs in JKCHCL had diverted and misused the loan amounts to the tune of Rs. 23.12 crores for various other purposes.
The enquiry also revealed that there has been illegal modification in the norms and bye laws of JKCHCL.