CBI reaches Satyapal Malik's home in connection with alleged scam after his controversial interview

On April 28, a team from the Central Bureau of Investigation (CBI) arrived at the residence of former Jammu and Kashmir governor Satyapal Malik in Delhi. The team was investigating an alleged insurance scam involving Reliance General Insurance in J&K.

The CBI's investigation is centered on the alleged siphoning off of funds from the state exchequer through the purchase of life insurance policies from Reliance General Insurance by the Jammu and Kashmir Bank. The insurance policies were reportedly bought at inflated premiums, resulting in a loss of crores of rupees to the state.

The involvement of Satyapal Malik, who served as governor of J&K from 2018 to 2020, in the scam is not yet clear. However, his association with the J&K Bank, which is at the center of the investigation, has raised suspicions. Malik had previously served as a director on the board of the bank before being appointed governor.

The CBI's arrival at Malik's residence has sparked speculation and drawn attention to the ongoing investigation into the alleged scam. The agency is known for its high-profile investigations into corruption cases and has a reputation for being thorough and relentless in its pursuit of justice.

The investigation is ongoing, and more details are expected to emerge in the coming days. The case highlights the need for transparency and accountability in the financial sector and serves as a reminder that those in positions of power are not above the law.

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