ED Raids Multiple Locations in Kashmir in J&K Bank Money Laundering Case2Photo© news18.com

ED Raids Multiple Locations in Kashmir in J&K Bank Money Laundering Case

, 9 news, 3 views

"The parties covered under searches are involved in hospitality and agro-based industries, civil construction and real estate. Statement of persons covered in the searches are being recorded to unravel the source of huge credits and debits in their accounts. Recovered incriminating documents and soft data are also being analysed."

The financial probe agency initiated the investigation in the case under PMLA after the Jammu and Kashmir Criminal Investigation Department (CID) registered First Information Report (FIR) against the officials of J&K Bank, some unidentified public servants, a few private persons and others for suspicious transactions in various bank accounts.