Directorate of Enforcement (ED) has provisionally attached immovable property in the form of land measuring 257 Kanal and 19 Marlas at Shivpora, Srinagar, which is valued at Rs. 193.46 Crores, in a PMLA case related to the financial fraud committed with J&K State Co-operative Bank (JKSTCB). The fraud involved sanctioning of loan to the tune of Rs. 250 Crores (disbursement amount Rs. 223 Crores), in 2019, to a fake cooperative society named River Jehlum Co-operative House Building Society, Shivpora, Srinagar, (J&K) by the then Chairman of JKSTCB & Others.
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