The Enforcement Directorate (ED) has taken action in the Canara Bank fraud case by attaching properties worth Rs 4.81 crore. The ED’s Srinagar Zonal Office has provisionally attached these properties, which include 18 Kanal of land and a building.
The attached properties belong to the following individuals and their respective businesses:
- Isfaq Ahmad Zargar of M/s Nikha Ornaments (12.5 marla)
- Khalil Ahmad Mughal of M/s JK Gold Jewelry (14 Kanal 16 Marla)
- Md. Asaraf Dev of M/s Raf Raf Tours and Travel (1 Kanal 12 Marla)
- Md. Sayed Kaushar Niyazi of M/s Sayed Tours and Travels (17 Marla)
These individuals are linked to a bank fraud case in Jammu and Kashmir. The ED initiated the investigation based on an FIR registered by the Maisuma Police Station in Srinagar. The case involves causing a loss of Rs. 5.59 crore to Canara Bank’s Budshah Chawk Branch in Srinagar.
The provisional attachment of these properties demonstrates the ED’s commitment to combating financial crimes and holding accountable those responsible for defrauding public funds. The ED’s investigation is ongoing, indicating a concerted effort to bring all involved parties to justice and recover the misappropriated assets.
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