x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   One terrorist killed in encounter in Anantnag, operation continues | Amitabh Bachchan's 26 staff members test negative for coronavirus, quarantined for 2 weeks | Yes Mr Omar Abdullah -Dead men tell no tales! | ‘Selected’ retired officials continue to be re-engaged by people at helm even during LG rule | Travellers entering Jammu illegally through Ravi river can become COVID super-spreaders? | As COVID-19 cases surge, Srinagar admin orders restrictions in 88 containment zones | No lockdown in Jammu from July 13 | Viral videos of poor arrangements in quarantine centres expose Rajouri Administration | Corona cases increase; Govt decides to allow tourists to visit J&K! | Corona Virus cases continue to mount in JK, 357 fresh cases reported, 10 more deaths | 85 fresh positive, 1003 active positive cases, 31 recovered and 46 deaths so far in north Kashmir | Suspended cop Devender Singh shared ''sensitive'' info with Pak High Commission: Officials | Kashmir's ‘comedy king' Shadi Kaul is no more | Vanmahotsav observed by CRPF, Forest Deptt | Martyr’s day of Satish Bhagat observed | BSF Plants Over 40,000 Saplings In Jammu Region | Awareness camp on HIV/AIDS organised | India must ensure strengthening of Quad cooperation: Randhir Singh | IIPA organizes webinar on cyber security | Give OBC status to Jat Community in UT: Manjit Singh | Members of Gorkha Samaj too are respectable citizens now: Kavinder | Nirbhay Bharat Foundation honours Swati Sharma with Dogra Shurveer Samman | Summer camp cricket tournament inaugurated | AIJMS delegation meets CE PDD, Dir Sheep husbandry | Munish Gupta asks government to step in & solve problems of residents | Pakistani LeT militant among three killed in Sopore encounter | Chemical industries dump waste in rivulet in Udhampur | Slow internet plays spoilsport with online education of children in Rajouri, Poonch districts | FCS&CA asks ration card holders to submit Aadhaar | Visitors asked to vacate Pahalgam as lockdown re-imposed in Anantnag | Government orders transfers, postings in administration | JKNPP for immediate restoration of J&K statehood, assembly election | Shiv Sena demands to restart Vaishno Devi Yatra | Labour deptt inspects markets in Poonch | Kishtwar admin braces for preparation of People’s Biodiversity Register | TMF criticizes BJP for additional stamp duty | Admin to strictly implement COVID-19 SOPs, guidelines: DC B'la | 300 Domicile Certificates issued at Kishtwar village | SSP demands revamping of policy on providing security cover | GDC Nowshera hosts National Level Online Quiz Competition | Youth dies as car plunges into canal | Missing man found dead in Reasi | HAI suggests long-term plan, incentives for J&K tourism | As COVID-19 deaths, cases spike, people going fearless without precautions: CSD | COVID-19: Govt evacuates 2,10,703 stranded JK residents; 1,43,380 via Lakhanpur, 67,323 through special trains | Neutralise those who gunned down BJP leader, kin in Bandipora: Ram Madhav | Cong holds meeting to find ways for strengthening party | Administration failure: Public Park turned into stray cattle zone | Hirdesh Kumar chairs meeting on delimitation of Parliamentary, Assembly constituencies | JKTMA demands reorganization of School Education Department | Bayer Crop Science introduces Spring Maize in Jammu region | Back Issues  
 
news details
Court grants 11 days judicial remand of Hilal Rather
1/24/2020 9:41:34 PM
Early Times Report

Jammu, Jan 24: CJM Jammu Deepak Sethi granted seven days Judicial Remand of Hilal Rather s/o Ex-Finance Minister Abdul Rahim Rather who was yestersay taken into custody by Anticorruption Bureau Jammu in an alleged Bank Fraud Case of Paradise Avenue Township Project.
It is worthwhile to mention here that day before yestersay Hilal Rather was admitted to Super Specialist Hospital Jammu as he was not fit during investigation. According to the source he got pained in kidney.
According to the ACB that Hilal Rather was arrested by the Anti-Corruption Bureau (ACB) Jammu in a case related to the alleged misappropriation of crores of rupees from the term loans running into 177 Crores sanctioned by Jammu and Kashmir Bankfor his ambitious township project known as Paradise Avenue at NarwalBala Jammu in the year 2012. The investigation conducted by the Bureau has revealed that Paradise Avenue, a Partnership Concern of Hilal Rather, Dr Rizwan Raheem Dar of Sanant Nagar Srinagar, Ghulam Mohd Bhatt of Baramulla Kashmir, Daljeet Wadhera and Smt. Deepshikha Jamwal of Jammu was sanctioned a term loan of Rs 74.27 crores in the first phase and in relaxation to the credit policy of the bank which restricts loan to a partnership firm at Rs 40 crores and the loan was approved by the Board of Directors of the J&K Bank when Hilal Rather despite the fact that he had already entered into a OTS with the State Financial Corporation in the past. The remaining loan amount were granted by the Board despite the fact that the repayments of the first loan taken was not complete. Hilal Rather, who also owns Simula Group of Companies, was being questioned for the last few months by the Bureauin connection with the siphoning off crores of rupees from the loan amount sanctioned by the New University Campus Branch of J&K Bank for the construction of Flats under the name of Paradise Avenue. He has been evading details of property raised & others transaction related to siphoning of funds meant for construction. It has also been revealed that the funds diverted have been used to purchase huge properties in abroad, holidaying abroad with family and friends and also for other entertainment activities. All the loan amounts availed by Hilal Ahmed Rather to tune of Rs.177 crore have become NPA.
Meanwhile today his bail application was adjourned for Monday for arguments. -JNF
  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