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CBI to approach CVC as JK Bank denies permission to prosecute 2 Managers Don’t think they are involved, says Bank official Excelsior Correspondent JAMMU, Feb 16: In a major development in the case involving high-profile businessman Hilal Rather, son of prominent National Conference leader and former Finance Minister Abdul Rahim Rather, the Central Bureau of Investigations (CBI) has decided to approach Central Vigilance Commission (CVC) seeking directive to the Jammu and Kashmir Bank to give nod for prosecution of its two senior officials, who are allegedly involved in the sanctioning of loan. The CBI, according to official sources, has been forced to knock the doors of the CVC, after the Jammu and Kashmir Bank administration refused to give sanction for prosecution of its officers on the ground that they are not involved in Rs 74.27 crore worth loan scam involving Hilal Rather, who is presently on bail.

Jammu and kashmirUnited arab emiratesUnited statesNew delhiAnand jainTarun kapoorIqbal singhSatya pal malikCorruption bureauUniversity campus branchNational conferenceManagers of the bankHilal rather simula groupCourt under sectionJk bankMinistry of personnel