New Delhi, Aug 6: Enforcement Directorate (ED) on Thursday conducted raids at multiple locations in connection with a money laundering case related to alleged bank fraud against Hilal Rather, son of former Jammu and Kashmir minister Abdul Rahim Rather.
According to officials the probe agency raids were conducted at 16 locations in Kashmir, Jammu, Delhi and Ludhiana and collected more evidences in connection with the case.
ED has registered a money laundering case against Hilal Rather and others, under the Prevention of Money Laundering Act (PMLA) following the Central Bureau of Investigation (CBI) and Income Tax Department investigation against Hilal Rather in connection with a Rs 177-crore alleged bank fraud scam.
The CBI has said in the complaint registered against Hilal Rather that he allegedly
entered into a criminal conspiracy with the then officials of the J&K Bank to get loans of over Rs 177 crore violating the Bank rules and guidelines.
Hilal’s father Abdul Rahim Rather is a National Conference leader and was former Finance Minister in the erstwhile state of Jammu and Kashmir.
