ED attaches Rs 10.63 crore Kashmir properties in PMEGP loan fraud crackdown
Federal agency targets brokers and bank officials who siphoned off funds meant for central employment scheme in Jammu and Kashmir.
The Enforcement Directorate has attached 11 immovable assets worth Rs 10.63 crore in Kashmir as part of a probe into the misuse of the Prime Minister Employment Generation Programme. The investigation revealed a coordinated scheme involving bank officials and brokers using fake invoices and dummy borrowers to divert funds.
