EOW Raids Multiple Locations in J&K Over Bank Embezzlement Case

The Economic Offences Wing of the ACB conducted searches across Srinagar, Budgam, and Bandipora concerning a bank embezzlement case. With warrants, they seized electronic gadgets and documents from residences and bank premises. The investigation continues into the involvement of various officials and a borrower.

The Economic Offences Wing (EOW) of the Anti-Corruption Bureau (ACB) in Jammu and Kashmir has intensified its probe into an alleged bank embezzlement case by conducting searches at four key locations across the districts of Srinagar, Budgam, and Bandipora. As reported, these operations are part of an investigation tagged under FIR No. 05/2025 at the Police Station ACB Srinagar.

The case involves serious allegations of embezzlement orchestrated by revenue and bank officials in collaboration with a borrower. The searches were meticulously planned following the acquisition of search warrants from a competent court. During these raids, the authorities confiscated several electronic devices and a range of incriminating documents deemed vital to the ongoing investigation.

The EOW is vigorously pursuing further inquiries to ascertain the depth of involvement of the officials and other entities linked to the alleged financial misconduct. The investigation remains active with authorities committed to unveiling the full extent of the embezzlement scheme.

(With inputs from agencies.)