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SRINAGAR — Anti-corruption branch of the CBI Srinagar has registered a case over the alleged embezzlement of public money at J&K Grameen Bank, Mirgund branch.

An official told news agency Kashmir News Observer (KNO) that Ishtiyaq Ahmad Parray, then the branch head of the bank, had sanctioned a number of car loans worth crores in favour of non-existing borrowers on the basis of fake vehicle registration documents in league with other private parties.

He further said these loans were sanctioned between 2014 to 2018.

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While confirming the registration of FIR, an official said that subsequent searches were made by CBI sleuths and incriminating documents, numerous bank account details, and other related documents were seized.

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