"Under a well knit conspiracy Sheikh Imran and partners of M/S Kehwa Square Pvt. Ltd. was extended with covert / overt support by Officers of J&K Bank and Joint Inspection Team, dishonestly and fraudulently"
In the retaliatory action, the militant was gunned down on the spot. From the materials recovered, it is found that the dead militant was a foreigner, a police spokesman said here.
The quantum of finance will be from Rs. 1 lac per room to Rs. 15 Lac per guest house while as in case of adventure equipment the maximum loan will be Rs. 15 lacs.
All concerned senior Prosecuting Officers/ Chief Prosecuting Officers of the Police Department shall look after the criminal work in the respective Principal Sessions Courts/ Additional Sessions Courts, till further orders.