Sheikh Imran touted to be Srinagar

Sheikh Mohammad Imran was taken out as Deputy Mayor of Srinagar pursuing his arrest

At a instead tricky time, one thing much more is brewing versus Mayor of Srinagar Junaid Azim Mattu as he braces to deal with a no-self-confidence movement moved by Srinagar Municipal Company (SMC) Corporators, in search of his ouster from the write-up. This is the next time that Mattu faces a floor take a look at. And if Mattu loses, former Deputy Mayor Sheikh Mohammad Imran could possibly grow to be the up coming Mayor of Srinagar. It should really be famous that Sheikh Imran was arrested final 12 months in a bank fraud scenario.

On Thursday, the no-confidence motion was submitted by BJP and Congress Corporators led by Sheikh Imran. They had claimed that the Mayor had misplaced the the greater part.

Sheikh Mohammad Imran

In December final calendar year, Mattu experienced survived an NCM or no-self confidence movement when he proved the greater part on the flooring of the Property. Nonetheless, ahead of the vote, the then Deputy Mayor Sheikh Imran experienced resigned.

It really is been just six months and Sheikh Imran is at it again. He has bought the Corporators with him once more and wants to get the coveted title. The move is now remaining supported by the BJP, Congress and some Corporators.

Imran arrested by the ACB in 2019

In an alleged misappropriation of crores of rupees, Sheikh Imran was arrested by the Anti-Corruption Bureau (ACB) in December previous calendar year.

He experienced an NCM passed towards him and was eradicated from the post of the Deputy Mayor. This was due to his arrest and questioning in link with illegal appropriation of subsidy provided to his company for environment up of a Managed Ambiance (CA) shop.

According to an anti-corruption bureau spokesperson, the ACB investigation experienced disclosed that funds intended for design of a CA shop ended up diverted.

It was stated that a personal loan was passed for Sheikh Imran’s corporation Kehwa Group of Rs 138 crore with the JK Bank for a undertaking. And less than a very well-knit conspiracy, the project was restructured for just an amount of Rs 78 crore.

When the inquiry was initiated into the make a difference, it was learnt that there ended up 6 extra enterprise units owned by the Kehwa Group and Sheikh Imran lifted different bank loan facilities and overdrafts for these models.

According to the ACB spokesperson, “The liabilities on account of financial loan gathered to Rs 138 crore. Due to the fact, one particular of the organization Kehwa Sq. experienced turned non-executing asset, Imran sought one particular-time settlement with the JK Lender authorities.”