The Jammu and Kashmir Anti Corruption Bureau (ACB) on Friday registered a case against Srinagar’s Deputy Mayor, Sheikh Imran, for allegedly illegally appropriating Rs 16.50 crore in government subsidy and gratuitous One Time Settlements (OTS) from the J&K Bank. The agency also registered cases against several bank and government officials.
Imran, who is also the Director of the Kehwa Group of Companies, had set up a cold storage unit under M/S Kehwa Square Private Limited, at Lassipora in south Kashmir’s Pulwama. The total projected cost of the unit was Rs 33 crore and it was eligible for a 50 per cent subsidy government, according to the norms of the Horticulture Mission for North East & Himalayan (HMNEH) States.