CBI Srinagar conducted searches in J&K Bank in connection with alleged multicrore scam.

An official on condition of anonymity said that anti-corruption branch ofthe CBI Srinagar carried out searches at multiple locations at Mumbai, Delhi, Jammu and Srinagar following registration of a case related to multicrore scam in the purchase of office space of approximately 65000 square feet area by J&K Bank at Mumbai.

These searches as per the official are being carried out simultaneously by CBI sleuths at the residences of Haseeb Drabu, the then Chairman J&K Bank besides members of the Estates Committee of board of directors of the Bank including A.K. Mehta, then Executive Director, Muhammed lbrahim Shahdad and Vikrant Kuthiala both then Directors.

It has been alleged that these members of Estate Committee of the board of directors have allegedly received kickbacks in Crores for facilitating the said deal. Sources have also confirmed that incriminating documents, numerous bank account details, bank locker keys and other related documents were seized by the CBI.