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The Central Bureau of Investigation on Tuesday conducted searches at 8 locations including Jammu, Srinagar & Mumbai at the premises of the members of Estate Committee of the Board of Directors including Chairman of J&K Bank, Directors, Executive Directors.  

In this regard incriminating documents, articles and electronic evidences, several bank account details and bank locker keys have been recovered during



searches.

Earlier, CBI had registered a case in November 2021 on the allegations of irregularities in purchase of Akruti Gold building for 180 crore rupees (approx) by J&K Bank for its integrated office at Mumbai in 2010.

The case was referred by J&K Government. CBI had also conducted searches earlier at various locations including  Mumbai, Hyderabad and Kolkata. 


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