Kehwa Group Case: ACB produces supplementary charge-sheet against bank officials

Srinagar, Aug 4: The Anti-Corruption Bureau (ACB) on Wednesday claimed to have produced a supplementary charge-sheet against the bank officials in Kehwa group case.
According to a statement, ACB said that a case under FIR number 3/2019 was registered in the PS ACB Anantnag for offences of fraud, cheating, illegal appropriation of bank loan for unrelated business activities and misappropriation of back ended subsidy against Sheikh Imran Director M/S Kehwah Square Pvt. Ltd and the bank officials for misuse of official position as public servants.
“During investigation, it was established that for the establishment of integrated CA storage project with a total capacity of 5000 MT eligible for the cost of Rs 3300.00 lakhs under erstwhile Horticulture Mission for North East and Himalayan States (HMNEH) Scheme on the basis of certificate given by the Bank, Rs 1650.00 lakhs @ 50 % eligible project cost (EPC) was sanctioned in favour of the accused company,” the statement said.
The statement added that the main chargesheet in the case was filed on 31st August, 2020 against Sheikh Imran (Ex-Deputy Mayor Srinagar) Director M/S Kehwah Square Pvt. Ltd. and other bank officials before the Court of Special Judge Anti Corruption Pulwama for conspiracy and misappropriation of bank funds.
“ACB produced supplementary chargesheet under section 173 (8) CrPC against the in-service bank official Aijaz Ahmad Sheikh, the then Incharge Credit, J&K Bank, Business Unit Hari Singh High Street, Srinagar before the Court of Special Judge, Anti Corruption, Pulwama. The supplementary chargesheet was produced after sanction for launching prosecution against the said bank official Aijaz Ahmad Sheikh was accorded by the competent Authority,” it said, adding that the further trial of the case is in progress. (KNO)