Agencies such as the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) may be roped in to probe the Jammu & Kashmir Bank corruption scandal, reported The Economic Times, citing officials.

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The development comes as the Anti-Corruption Bureau (ACB) of Jammu & Kashmir police have uncovered the likely diversion of loans worth Rs 1,000 crore, government sources told ET.

The decision to induct the central agencies comes as the probe, given its scale and people likely to be involved, merits examination by the country’s premier agencies, officials added, as mentioned in the report.

“The Centre is fully committed to implementing its policy of zero tolerance towards corruption, including the high and mighty… the scale of fraud and corruption in the present case is of high volume and will require a forensic audit by a specialised agency like CBI. The state’s ACB has unearthed names of some politicians who enjoyed the patronage of the bank. Properties were bought using bank money within and outside J&K and will require probe by central agencies,” a source was quoted as saying in the report.

Also, the terrorist funding angle is also being taken into account, added the report.