ACB constitutes teams to widen probe against ousted JK Bank chairman

Srinagar, June 9:

Soon after concluding its two-day search operation in the corporate headquarters of the J&K Bank, the anti corruption bureau (ACB) has constituted more than a dozen teams to probe the alleged illegal recruitments and several other complaints including the undue favour in NPA settlement accounts, disclosed highly placed source to the Arising State.

The sources disclosed that ACB teams are all set to widen the ambit of its raids in Bangalore, Noida and Mumbai to found the missing links of NPA settlement accounts. The ACB plan, as told by the sources, envisages that the teams constituted would be headed by senior officials to make the probe fool-proof on all fronts.

“A few major cases have come to fore where in influential people were given loans worth Rs 700 crore against the meagre mortgage amount. There are also serious allegations about mass bungling in recruitment,” sources claimed.

The sources claimed that the directions from the top are to make the J&K Bank as corruption, nepotism, and favouritism free. “The aim is to make the bank compete at the national level with transparency, accountability and competence,” said the sources.

It is to mention here that after his removal as chairman of the JK bank, Parvez Ahmad Nengroo had said that he has no regrets for being removed by the governor administration and is open to scrutiny for each of his service.