Case FIR 3/2019 was registered in the PS ACB Anantnag for offences of Fraud, Cheating, illegal appropriation of bank loan for unrelated business activities and misappropriation of back ended subsidy against Sheikh Imran Director M/S Kehwah Square Pvt. Ltd and the bank officials for misuse of official position as public servants. During investigation it was established that for the establishment of integrated CA storage project with a total capacity of 5000 MT eligible for the cost of Rs. 3300.00 lakhs under erstwhile Horticulture Mission for North East and Himalayan States (HMNEH) Scheme on the basis of certificate given by the Bank, Rs. 1650.00 lakhs @ 50 % eligible project cost (EPC) was sanctioned in favour of the accused company.
2. Main Chargesheet in the case was filed on 31st August, 2020 against Sheikh Imran (Ex-Deputy Mayor Srinagar) Director M/S Kehwah Square Pvt. Ltd. and other bank officials before the Court of Spl Judge Anti Corruption Pulwama for conspiracy and misappropriation of bank funds.
3. ACB produced Supplementary Charge Sheet U/S 173 (8) CrPC against the in-service bank official Aijaz Ahmad Sheikh, the then Incharge Credit, J&K Bank, Business Unit Hari Singh High Street, Srinagar before the Hon’ble Court of Spl. Judge, Anti Corruption, Pulwama. The supplementary chargesheet was produced after sanction for launching prosecution against the said bank official Aijaz Ahmad Sheikh was accorded by the competent Authority.
4. Further trial of the case is in progress.