Excelsior Correspondent Srinagar, Mar 19: The Central Bureau of Investigations (CBI) has booked former chairman of Jammu and Kashmir Bank Mushtaq Ahmad Shaikh and 18 others for a Rs 800 crore loss to the bank caused due to loans to REI Agro, which were issued in violation of guidelines, without tangible security and on fake documents. In addition to officials of the bank, the Central Bureau of Investigation (CBI) has also booked REI Agro chairman Sanjay Jhunjhunwala, and Vice President […]
The CBI on Friday booked former J&K Bank chairman and 18 others for causing a loss of Rs 800 crore to the bank by granting loans in violation of laid down guidelines.The CBI has booked former chairman Mushtaq Ahmad Sheikh and others .
The CBI has booked former J&K Bank chairman Mushtaq Ahmad Shaikh and 18 others for a Rs 800-crore loss to the bank caused due loans to REI Agro, which were issued in violation of guidelines, without tangible security and on fake documents, officials said.