The case was registered by the Anti-Corruption Bureau (ACB) on August 25. (Representation)
Srinagar:
The administration of Jammu and Kashmir on Saturday suspended two senior officials pending an investigation into their conduct in a Rs 250 crore bank fraud case, officials said.
The administration suspended Kashmir Administrative Service (KAS) official Mujib-ur-Rehman Ghassi, special secretary of the Department of Government, Industry and Commerce, and Ashiq Hussian, deputy registrar of JK cooperative societies, pending an investigation against them, they said.
Officials said two separate stay orders were issued on Saturday against officials by the Department of General Administration (GAD).
Officials said Ghassi will remain attached to the GAD during the period of his suspension, while Hussain will remain attached to the Divisional Commissioner’s office in Kashmir.
The names of the two officials were mentioned in a case, registered by the Anti-Corruption Bureau (ACB) on August 25, related to a loan of Rs 250 crore to a non-existent housing cooperative two years ago.
The ACB has produced an indictment against three people, including a former chairman of the Jammu and Kashmir Cooperative Bank, for sanctioning a loan of Rs 250 crore to a non-existent housing cooperative society.
The ACB filed the indictment against Mohammad Shafi Dar, then chairman of JK State Cooperative Bank Limited (JKSTCB), Hilal Ahmad Mir, chairman of the non-existent River Jhelum Cooperative House Building Society, Srinagar, and Abdul Hamid Hajam , secretary of the non-existent River Jhelum Cooperative House Building Society in Srinagar, officials said.
The anti-graft body registered the case against Dar and others under various sections of the Prevention of Corruption Act for allegedly sanctioning a loan of Rs 250 crore to the non-existent company for the purpose of the construction of a satellite township in the Shivpora locality in Srinagar, bypassing the bank’s credit policy and on the basis of false and fabricated documents, they said.
ACB’s investigation revealed that a conspiracy was hatched between Dar, Mir, Hajam, Mujib Ur Rehman Ghasi – then Registrar of Co-operative Societies, JK, Syed Ashiq Hussain – Deputy Registrar of Co-operative Societies, and others. in the creation of the bogus company in 2018. -19 in order to obtain a loan from the bank, officials said.
