Under probe

Many central agencies are presently investigating many alleged financial frauds in Kashmir and in this direction they have been able to get lot of information and proofs about such happenings. Unfortunately J&K Bank in the recent past has come under the hammer of investigations and in two cases they have even filed FIRs against the concerned officials of bank and the culprits.

Recently, the Government has made it clear that they will not allow the J&K Bank to go down and assured the people that the cleaning process was on and the bank will expand soon and will progress also.    Union Home Minister Amit Shah during his maiden visit to Kashmir has told investigative agencies to go after all those people who are involved in terror funding.

Amit Shah has told State Governor Satya Pal Malik to gear-up the State administration so that there is visible change on the developmental scenario of J&K State. He has assured the government that the Central Government will release the funds for all the pending projects in the State which have caught fire in delay for years together.

Soon after his visit, Income Tax Department along with State Anti-Corruption Bureau (ACB) raided dozens of places in Jammu and Srinagar while investigating a huge financial fraud having its linkages to Dubai in which the son of former State Finance Minister Abdul Rahim Rather is involved. Similarly State Anti-Corruption Bureau has registered several cases connected with many financial frauds of Kashmir and have even arrested several persons.