📷 Image: Wikimedia Commons / শরদিন্দু ভট্টাচার্য্য
Crime
ED Seizes 11 Properties Worth Rs 10.63 Crore in JK Bank PMEGP Loan Fraud
✍️ Kashmir Life
🗓 09 Nov 2026, 07:47 PM
👁 12
The Enforcement Directorate has attached 11 properties valued at Rs 10.63 crore in connection with a loan fraud case involving the Jammu & Kashmir Bank's PMEGP scheme.
The Enforcement Directorate (ED) has taken significant action in an ongoing financial fraud case by attaching 11 properties. The total value of these seized assets has been estimated at Rs 10.63 crore. The move is part of the agency's investigation into irregularities linked to loans sanctioned under the Prime Minister's Employment Generation Programme (PMEGP).
The case involves the Jammu & Kashmir Bank, where the ED has identified fraudulent activities in the disbursement and recovery of loans under the government's employment scheme. The attachment of these properties aims to recover the misappropriated funds and prevent the diversion of assets by the accused parties.
This action underscores the central government's commitment to curbing financial fraud and ensuring accountability in the implementation of welfare schemes. The ED continues to probe the case to identify all individuals and entities involved in the scheme.
The case involves the Jammu & Kashmir Bank, where the ED has identified fraudulent activities in the disbursement and recovery of loans under the government's employment scheme. The attachment of these properties aims to recover the misappropriated funds and prevent the diversion of assets by the accused parties.
This action underscores the central government's commitment to curbing financial fraud and ensuring accountability in the implementation of welfare schemes. The ED continues to probe the case to identify all individuals and entities involved in the scheme.