ED attaches properties in Kashmir in ‘misuse’ of PM Employment Generation Programme scheme case

🇮🇳 The Hindu (IN) —
ED attaches properties in Kashmir in ‘misuse’ of PM Employment Generation Programme scheme case

AI Summary

India’s Enforcement Directorate has attached properties in Kashmir in a case alleging misuse of loans under the PM Employment Generation Programme. Investigators allege a conspiracy involving borrowers and bank officials at two Jammu and Kashmir Bank branches.

An ED spokesman said there was misappropriation of PMEGP Scheme’s loans in criminal conspiracy with the PMEGP borrowers, bank officials of Sumbal Branch and Gamud Gadkhud Branch of J&K Bank and other unknown persons

World Politics Markets Enforcement Directorate loan misappropriation PMEGP Kashmir bank investigation property attachment

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