Searches in Bengaluru; 3rd case registered in J&K Bank loan fraud case

KT NEWS SERVICE. Dated: 8/17/2019 12:23:17 PM

JAMMU, Aug 16: The Anti-Corruption Bureau (ACB) registered a fresh case in the loan fraud worth over Rs 350 Cr in Jammu and Kashmir Bank on Friday and conducted searches at different places in Bengaluru.
The searches were conducted at residential premises and office of Anish Mohammed Rawther, the promoter-director-cum-managing director of S A Rawther Spices Private Limited, in the Karnataka capital, a spokesman of the anti-corruption body said here.
This is the third case registered by the ACB in the case in the past 10 days.
“An FIR under various sections of the Prevention of Corruption Act and the Ranbir Penal Code has been registered against management, officers and officials of J&K Bank, along with the beneficiary involved in financial irregularities or loan fraud worth Rs 352.72 crore,” a spokesman of the anti-corruption body said here.
On August 7, two cases were registered in loan frauds worth about Rs 600 Cr in the bank involving a different beneficiary, a Delhi-based businessman.



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