ED case stems from two CBI FIRs. ED probe revealed that bank officials, brokers and suppliers colluded and conspired to take loan and divert the funds for personal use. The provisional attachment order was issued under Section 5(1) of the Prevention of Money Laundering Act (PMLA), 2002. ED attaches 11 properties worth Rs 10.63 crore in Srinagar and Bandipora over PMEGP loan fraud linked to J&K Bank officials and brokers.