Hilal fully cooperating with probe agencies: Counsel

KT NEWS SERVICE. Dated: 1/21/2020 1:08:50 AM

JAMMU, Jan 20: Hilal A Rather, the son of former Finance Minister Abdul Rahim Rather, who was recently taken into custody for further questioning by the ACB Jammu, has been fully co-operating with the agencies since June 2019, despite undergoing two major surgeries in the past three months.
This was stated by Mudassir Raina, the legal counsel for Hilal in a statement issued to press.
“He has been fully co-operating with the agencies since June 2019, despite undergoing two major surgeries in the past three months and even on the day of the arrest he had himself gone to the office of Anti Corruption Bureau to participate in the investigations where he was informed that he is being taken into custody to which he as a law abiding citizen complied with and is seeking due legal remedy,” said Raina.
Raina, however, rued that the “default in repayment of the so called Rs.177.00 Crs liability of J&K bank has been referred to as a Scam which is yet to be established by the investigating agencies and the charges are yet to be proved in a court of law.”
He pointed out that the principal component of the loan primarily for construction of the project was only around Rs.128 Crores, rest being interest component. “Anyone with some idea of construction costs in Prefabricated Steel Structures can vouch that more money has been spent on the project than has been drawn from the bank, something which can be easily corroborated through a valuation of the constructed project by independent experts,” Raina said.

 

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