The gang acted surreptitiously and used to take CCTVs and electronic surveillance equipment along with them to destroy any sort of video footage/evidence.
"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.