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Home J&K

Court grants bail to former Chairman J&K Cooperative bank in Rs 300 cr Scam case

KT Web Desk by KT Web Desk
December 16, 2020
in J&K, Latest News
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Court grants bail to former Chairman J&K Cooperative bank in Rs 300 cr Scam case
Srinagar, Dec 16: Jammu and Kashmir High Court today granted bail to Mohammad Shafi Dar, Ex-Chairman of J&K State Co-operative Bank Ltd., in the Rs. 300 crore-J&K State Co-operative Bank land scam.

Dar was represented by Advocate Faizan Nazir and Bashir Ahmed Dar Sr. AAG appeared on behalf of the Union Territory of J&K.

A single-judge bench comprising Justice Sindhu Sharma noted the fact that the money taken from the bank was paid to the owners of land, who executed a power of attorney in favour of the Chairman of the Jhelum Co-operative Society.

The High Court further noted that the investigation in the matter was complete in respect of Dar, including the filing of the charge sheet and supplementary charge sheet, and accordingly, the custody of Dar was not required.

The H High Court has granted the bail subject to the furnishing of a personal bond as well as a surety bond to the tune of Rs. 50,000 each to the satisfaction of the Registrar Judicial of the High Court of Jammu & Kashmir at Srinagar (KNS)

KT Web Desk

KT Web Desk

Kupwara Times is a Weekly Newspaper, which gives you the latest News updates. "Kupwara Times" provides an extensive coverage to events happening in cities, towns and villages of J&K state and rest of the world. Obliging the principles of free and fair press, Kupwara Times has the distinction of being the credible news provider to the news-hungry readers of Jammu and Kashmir and beyond.

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Kupwara Times is a Weekly Newspaper & News-portal which gives you the latest news updates. "Kupwara Times" provides extensive coverage of events happening in cities, towns and villages of J&K state and the rest of the world. Obliging the principles of the free and fair press, Kupwara Times has the distinction of being the credible news provider to the news-hungry readers of Jammu and Kashmir and beyond.

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