Rs 177 Cr fraud: Court grants 11-day judicial remand to Hilal Rather
TNN Bureau. Updated: 1/25/2020 10:05:02 AM
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JAMMU: The Chief Judicial Magistrate Jammu Deepak Sethi on Friday granted eleven-day judicial remand of Hilal Rather, son of former finance minister who was taken into custody by Anticorruption Bureau Jammu in Rs 177 Crore Jammu and Kashmir bank loan fraud case of Paradise Avenue Township Project.
Son of Abdul Rahim Rather, Hilal was arrested by the ACB Jammu on January 16 for allegedly misappropriating term loans running into Rs 177 crores sanctioned by Jammu and Kashmir Bank for his ambitious township project in the year 2012, when his father was the finance minister.
On Friday, Hilal was produced in the court of Chief Judicial Magistrate Jammu where Judge Deepak granted the remand.
It is worthwhile to mention here that day before yesterday, Hilal was admitted to Super Specialist Hospital Jammu as he was not feeling well during investigation.
According to the source, he was suffering from pain in one of his kidneys.
Meanwhile, Hilal’s bail application was also adjourned for Monday for arguments. JNF