Former Jammu and Kashmir CM Omar Abdullah was on Thursday questioned by the Enforcement Directorate (ED) over his links with former J&K Bank director, who is allegedly involved in a money laundering case. Summoned to the New Delhi headquarters, Omar was asked about his links with Nihal Chandrakant Garware, who is accused of buying a property for the bank in Mumbai at an inflated price to benefit the vendor. The ED took cognisance of the FIR filed by the CBI against former J&K Bank chairman Mushtaq Ahmad Shaikh over alleged irregularities in sanctioning loans and investment. Last year, the CBI had filed a case against the then bank management for buying a property from Akruti Gold Builders in Mumbai’s Bandra Kurla in 2010 at an exorbitant rate of 180 crore in “blatant disregard of the tendering process under a conspiracy.”
Source: https://www.tribuneindia.com/news/j-k/ed-grills-omar-in-jk-bank-case-384470
