x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   Panchayat members pin hope on BDC elections for development of rural areas | 2,000 take part in Army job rally | Bus service remains suspended along Jammu-Pathankot highway | PMC Bank scam: 80-year-old depositor dies after being unable to withdraw money for heart surgery | Pakistan under pressure, must act against terror after FATF's blacklist warning: Army Chief Bipin Rawat | Infighting intensifies in BJP after action against rebels | 8 leaders expelled for raising banner of revolt | Non-seriousness makes Pradhan Mantri Ujwalla Yojana failure in JK, scores of BPL families left out | Will silver screen return to Kashmir after JK reorganization? | Darbar Move preparedness: JKP to deploy more cops in civvies in Jammu | Govt makes ISM dispensaries defunct to run Govt Ayurvedic College Jammu | Home ministry will decide about release of politicians, says Governor | Loopholes identified in previous SRO, new rules set in motion | SHO defrauded with martyr's money, takes no action on complaint of deceased jawan's wife | Dr Sehrish inspects MFC at Media Complex to review facilities | Panel set up to encourage digitisation of payments in J-K | BGSBU celebrates Sir Syed day | One day awareness programme held | IFB organizes Diwali exhibition | Jammu- Kathua route bus drivers, conductors stage protest against toll plaza | Choose it or Lose it | Selective killings post abrogation of Article 370 | Legislative council in Kashmir to be abolished | Administration's lethargic approach: power hit by windstorm yet to restore | Div Com reviews implementation of medical assistance schemes | Advisor Kumar chairs 15th meet of Standing Committee for State Board for Wildlife | J&K Mission for Dairy Development to be established | SSP Traffic Rural launches special drive against traffic rule violators | Advisor Khan reviews arrangements for board exams | Private buses stay off roads as strike against Toll Plaza in Samba enters 5th day | ''Safe zones'' set up for fruit dealers in JK''s Shopian district | Missing 10th class student found from Delhi’s IGI Airport | Ex-SPO among 2 Hizbul terrorists behind killing of 2 non-local civilians in south Kashmir: Police | Gola Shah challaned in cheating case by Crime Branch | Court acquits Pak national in murder case as prosecution miserably failed | Court directs further investigation in DA Case | DPS Nagbani organises educational trip | Illegal parking near Poonch Fort becomes nuisance for locals | Advisor Skandan holds public hearing, listens to public issues at Jammu | Trinity College London examination conducted | BJP demands implementation of decision of SRSC on safe road constructions | CBI arrests ex-JKLF militants, Court grants bail | Hamilton Bridge to be opened for public traffic soon | Security forces conduct CASO after firing by militants in Shopian | Navin Choudhary for effective steps to check illegal mining | Expedite pending dev works of Srinagar district: Div Com to Officers | District Athletics Championship to begin from Oct 20 | Excise Department Sports Mela concludes | Shops, godowns sealed for selling contaminated sweets | JSS Kathua shines in Inter School Poem Recitation Competition | Valley people have no sympathy with detained leaders: Khanna | Army officer visits eastern Ladakh, reviews operational preparedness | Carmel Convent celebrates Grandparents' Day | Srinagar-Jammu highway reopens, only stranded vehicles allowed | Heritageans shines in National Level Quiz | Power shut down | Two day training program on "Public Fund Management System" concludes | Rename Jammu Colleges in memory of 1966 student martyrs: JJSF | GGF celebrates Didi Nirmala Deshpande's birthday | Awareness programme on "Swachhta Hi Sewa" organized | Shiv Sena protests against Sarore Toll Plaza | Distt admin demolishes Illegal structures, shops at bus stand Samba | Kriyansh of Spring Dales school declared National Winner | Young Panthers pay tributes to Science College martyrs | DPS Jammu students shine in TT championship | JKNPP criticizes BJP for cheating Panchayats on 73rd amendment | EJAC for removal of pay anomaly in clerical cadre | People of Panchayat Dhar-A call on DC Doda | Killing of outsiders in State is inhuman act: CPM | Silver jari silk Sarees displayed in jewellery boxes | DM imposes ban on bovine transportation | Congress Seva Dal stages protest against Toll Plaza | SPF to organize hockey tournament | JKMEF highlights demands of medical employees | Eklavya's Naagmandal justifies mythical ritual of man-woman relation | RCE organizes awareness programme on women hygiene | Ex BJP leader asks panchayat representatives to support party candidates | Kishtwar youths demand employment package | JKPCC questions PDD's privatization, Sarore toll plaza | SPCB holds awareness workshops on "Sanitary Waste Management" | Back Issues  
 
news details
Income Tax Deptt conducts raids on Sheikh Imran's business premises
6/12/2019 12:02:09 AM
Jehangir Rashid

Early Times Report

Srinagar, June 11: The Income-Tax Department today initiated probe into the alleged irregularities and conducted searches at 10 premises on the business firm of Deputy Mayor, Sheikh Mohammad Imran.
The action was taken within days of Anti-Corruption Bureau action against Jammu & Kashmir Bank.
Reports said that sleuths of Income Tax department raided eight premises in Srinagar and one each in Delhi and Bengaluru of the Kehwah group, promoted by Imran. In Kashmir the searches were conducted in the Bohri Kadal area of downtown Srinagar and seven other nearby locations.
Officials said the action is linked to the recently unearthed alleged irregularities in the bank's affairs and the raids conducted by the state anti-corruption bureau (ACB), they said. They alleged that the Kehwah group, with Imran as its chairman, is facing default proceedings after 23 of its accounts with the J-K Bank were declared non-performing assets for dues of over about Rs 120 crore.
The I-T Department suspects wrongdoings and alleged financial irregularities and hence raids are being conducted to obtain further leads, evidence and documents, the officials said. The action comes in the backdrop bank's chairman Parvez Ahmad being removed after charges of alleged involvement in corruption, nepotism and favouritism were reported against him. Referring to the ACB proceedings against Ahmad, a government official said that the investigation into alleged backdoor of appointments, "irregularities, loot and plunder" is intended to cleanse the system at the bank. The state government holds 59 per cent stake in the J&K Bank.
After his removal, Ahmad in a Twitter post said he has absolutely no regret over his work and that he did his job "most diligently, honestly and in the best interest of the institution". Loans worth hundreds of crores were allegedly allotted without formalities in "brazen violation" of Standard Operating Procedures or guidelines to select proposed recommendation of two politicians, the official had said.
In the meantime, Imran whose offices were raided by the Income Tax Department on Tuesday said that he will cooperate with the department in its investigation.
"I am fully supportive of all investigations to ensure transparency and adherence to income tax laws. I extend my full cooperation to the Income Tax Department. I'm a law abiding businessman and will continue to ensure the laws are upheld," Imran said.
Imran's private offices in Sangarmal Shopping, Bohri Kadal in downtown and Nowgam were raided by the income tax department sleuths today and confiscated some documents.
  Share This News with Your Friends on Social Network  
  Comment on this Story  
 
 
 
Early Times Android App
STOCK UPDATE
  
BSE Sensex
NSE Nifty
 
CRICKET UPDATE
 
 
 
 
 
 
 
 
   
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
 
 
J&K RELATED WEBSITES
J&K Govt. Official website
Jammu Kashmir Tourism
JKTDC
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
UTILITY
Train Enquiry
IRCTC
Matavaishnodevi
BSNL
Jammu Kashmir Bank
State Bank of India
PUBLIC INTEREST
Passport Department
Income Tax Department
JK CAMPA
JK GAD
IT Education
Web Site Design Services
EDUCATION
Jammu University
Jammu University Results
JKBOSE
Kashmir University
IGNOU Jammu Center
SMVDU