They want to keep snakes around everybody here in Kashmir,” a senior bureaucrat told ET. Loans worth hundreds of crores of rupees were allegedly sanctioned in brazen violation of the standard operating procedure to select persons recommended by Kashmir politicians –– Imran Ansari and Sajad Lone.The ACB is also looking into the siphoning of public money through CSR. Sources stated that `8 crore was spent under CSR on beautification of Royal Spring Golf Course, which has no utility for common people. But the administration of the day must guard against playing politics with the bank. It’s called J&K Bank for a reason.It’s not meant to be a trophy for regionalist politics.”

Source: Economic Times June 10, 2019 02:48 UTC