ED attaches properties in Kashmir in ‘misuse’ of PM Employment Generation Programme scheme case

SRINAGAR The Directorate of Enforcement (ED) on Monday (November 9, 2026) attached the immovable properties worth ₹10.63 crore under the Prevention of Money Laundering Act (PMLA) in alleged misuse of the Prime Minister Employment Generation Programme (PMEGP) case. An ED spokesman said there was misappropriation of PMEGP Scheme’s loans in criminal conspiracy with the PMEGP borrowers, bank officials of Sumbal Branch and Gamud Gadkhud Branch of J&K Bank and other unknown persons.

“The accused have cheated the bank and misappropriated bank funds and caused wrongful loss to the bank and corresponding wrongful gain to themselves. Investigation revealed PMEGP Loans amounts availed by projecting dummy PMEGP borrowers by using fake invoices of non-exist firm/companies and in criminal conspiracy with bank officials branches Sumbal and Gamud Gadkhud of J&K Bank by private persons-cum-brokers,” said the spokesman.

The CBI and J&K’s anti-corruption bureau (ACB) has also registered a case in the matter in June 2026.