Asia

Loan graft case: J&K Co-op Bank ex-chairman arrested

JAMMU: A day after issuing a lookout notice against Mohammad Shafi Dar, the former chairman of J&K Cooperative Bank Ltd and an accused in the Rs 223 crore loan graft case, J&K Anti-Corruption Bureau (ACB) arrested him on Wednesday.
Dar, who had sanctioned the amount in favour of a fake cooperative housing society, had gone underground ever since his plea seeking the quashing of the FIR against him in the case was rejected by the J&K high court last week.
“Dar had been evading arrest ever since a case was registered against him. Following the arrest, he has been taken into custody and is being interrogated,” said the bureaus official spokesperson on Wednesday.
ACB on Tuesday had released a portrait of Dar mentioning the offence sections slapped against him in the FIR. In a notice, the bureau had stated: “If any person is having any knowledge/information about the whereabouts of the accused Mohd Shafi Dar, he/she may inform/communicate through email/WhatsApp/toll-free no. etc. to ACB.”
Dar — also accused of making backdoor appointments — had sanctioned the loan worth the huge amount in favour of a non-existent cooperative society named “River Jhelum Cooperative House Colony” at Shivpora Srinagar. After an ACB inquiryRead More – Source

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