Srinagar, Mar 11 (UNI) Properties worth Rs 4.81 crore have been attached by the Enforcement Directorate on Monday under the anti-money laundering law as part of an investigation in a Canara bank fraud case, officials said.
The ED provisionally attached immovable properties worth Rs. 4.81 crores in the form of 18 kanal of land (approx.) and a building, which pertains to Isfaq Ahmad Zargar of M/s Nikha Ornaments (12.5 marla), Khalil Ahmad Mughal of M/s JK Gold Jewellery (14 kanal, 16 marla), Md. Asaraf Dev of M/s Raf Raf Tours and Travel (1 kanal, 12 rla), and Md. Sayed Kaushar Niyazi of M/s Sayed Tours and Travels (17 marla), in Jammu and Kashmir.
The ED initiated an investigation on the basis of an FIR registered by Maisuma Police Station, Srinagar (J&K), against the above-named persons and others for causing loss to the tune of Rs. 5.59 crore to Canara Bank, Budshah Chawk Branch, Srinagar (J&K), a statement issued by the ED said.