November 30, Srinagar: The Enforcement Directorate executed searches at six locations associated with Jammu and Kashmir Bank on Thursday in connection with a Rs 250 crore money laundering case, according to officials. The locations included premises linked to the former bank chairperson. The fraudulent activities were allegedly carried out under the guise of a fictitious housing society named the River Jhelum Cooperative Housing Building Society, as disclosed by officials familiar with the matter. The Enforcement Directorate’s Srinagar office conducted these raids under Section 17 of the Prevention of Money Laundering Act (PMLA).