ACB Registers FIR into Alleged Financial Irregularities at J&K Grameen Bank Branch
- Reports
- 4
- Developments
- 1
- Repetition
- 75%
New informationRepeats or wire copies
What happened
The Anti-Corruption Bureau (ACB) in Jammu and Kashmir has registered a case concerning alleged financial irregularities at the J&K Grameen Bank Branch Office in Reban, Sopore, Baramulla. The investigation focuses on alleged violations of the PMEGP Operational Guidelines that occurred between 2021 and 2023. The ACB alleges that ₹41.17 lakh in capital subsidy was released or adjusted prematurely in 25 PMEGP loan accounts before the mandatory lock-in period was complete.
From dailyexcelsior.com
Why it matters
The case targets a former Branch Head of J&K Grameen Bank, a Business Correspondent, and others. The allegations involve misuse of official position and financial irregularities related to the central government's PMEGP scheme.
From dailyexcelsior.com
Who's involved
- SrinagarLocation where the alleged violations occurred.
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The entities involved
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Srinagar
city in Jammu and Kashmir, India
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