J&K Bank refutes media reports about ED raids

Srinagar, November 30: The Jammu and Kashmir Bank spokesman in a statement refutes the media reports about ED raids.

In a statement spokesman said “This is in reference to the news item regarding search conducted by the Enforcement
Directorate today in the money laundering case at six locations in Srinagar related
to ‘fraudulent loan of more than Rs 250 Cr to some fictitious society’,wherein the
name of J&K Bank has been inadvertently carried instead of J&K State Cooperative
Bank.”
“Setting the record straight, we would like to clarify to all the stakeholders that the
news item does not pertain to J&K Bank in any manner,” the statement reads.