Srinagar's ex-Deputy Mayor arrested in J&K Bank fraud case

The Anti-Corruption Bureau has arrested former Srinagar Deputy Mayor Sheikh Imran in a multi-crore Jammu and Kashmir Bank loan fraud case. The agency took Imran into custody for questioning in connection with the illegal appropriation of the subsidy given to his company for setting up of a Controlled Atmosphere store. The investigation so far has revealed that large amount of the loan which was meant for construction of the store was diverted. Imran was on Monday removed from Deputy Mayor post following a no-confidence motion moved against him by corporators of the Srinagar Municipal Corporation.