Wahid Bhat |SRINAGAR
The Income Tax Department Thursday conducted raids on properties of Hilal Rather, the son of former Jammu and Kashmir finance minister Abdul Rahim Rather, in connection with an alleged loan misappropriation and tax evasion case.
Abdul Rahim Rather is National Conference (NC) leader. The searches are being conducted at eight properties located in Srinagar, Delhi and Ludhiana, and income tax sleuths are looking for evidence and documents, the officials said.
They said the case pertains to alleged misappropriation of loans taken from the J&K Bank by Hilal and persons linked to him. Hilal’s father was the finance minister in the NC government.
The transactions at the bank are already under the scanner of the department and the state anti-corruption bureau, and they have both conducted raids and launched investigation against its affairs.
On June 15, the newly-constituted Jammu and Kashmir Anti Corruption Bureau (ACB) registered a case against Deputy Mayor of Srinagar and Director of Kehwa Group, Sheikh Imran, officers of Jammu and Kashmir Bank and other government officials, for alleged misappropriation of subsidy worth crores of rupees.
On June 11, IT sleuths had raided the office and other business locations linked to Imran. Also, ten premises linked to Imran in Srinagar, Delhi, and Bengaluru were also raided.
The ACB had on June 8 had registered a case under the Prevention of Corruption Act to look into allegations related to illegal or fraudulent appointments made by the officials of Jammu and Kashmir Bank.