Srinagar, Dec 1: The Enforcement Directorate has arrested former J&K Co-operative Bank chairman Mohammad Shafi Dar in connection with a Rs 250-crore money laundering case in Jammu and Kashmir.
Dar was arrested along with Mohammad Hilal A Mir, the chairman of the River Jhelum Cooperative Housing Building Society, a fictitious firm, and they will be presented before a special court.
The ED had conducted searches, including at Dar’s residence, in connection with the case on Thursday, and these resulted in recovery of incriminating evidence.
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