CBI Srinagar on Tuesday raided multiple locations in Mumbai, Delhi, Jammu and Srinagar in connection with an alleged JK Bank multi-crore scam case.

Searches were conducted after a case was registered regarding multi-crore scam in purchase of office space of approximately 65,000 sq ft area by JK Bank at Mumbai.

Alongside, search were conducted at the residence of Haseeb Drabu, the then Chairman of J&K Bank, and members of the Estates Committee of board of directors of the Bank.

The members of the Estate Committee of the board of directors are accused of receiving kickbacks in Crores for facilitating the said deal.