Srinagar, May 15: The High Court has refused to quash FIR registered in connection with the J&K Bank-IFFCO Tokio insurance deal, observing that the allegations disclose cognizable offences and require a deeper investigation.
Justice Sanjay Dhar while passing the judgment upheld the FIR under challenge while hearing Senior Additional Advocate General Mohsin S. Qadri who appeared on behalf of the Anti-Corruption Bureau.
The court said that the role of the petitioners, who were members of the evaluation committee constituted by J&K Bank for selecting an insurance partner, still requires a detailed probe by the investigating agency.
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