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Vigilance sleuths raid J&K Bank Hqrs, ACB registers corruption case

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Srinagar, Jun 08: Minutes after the removal of Parvez Ahmad as Chairman of the Jammu and Kashmir Bank, State Vigilance Organisation sleuths Saturday raided the financial institution's corporate headquarters here, officials said.

The Vigilance Organisation was looking for records of nearly 1,200 appointments allegedly made at the behest of political masters of the previous PDP-BJP government in the state and during Ahmad's tenure, they said. Sources also revealed that during the raid Vigilance sleuths also took with them details about the promotions and transfers affected during Ahmad’s tenure.

The sleuths raided the bank's corporate headquarters at M A Road here soon after the state government dismissed Ahmad and appointed executive president R K Chibber as the bank's interim chairman, the officials said.

Meanwhile, on late Saturday evening Anti Corruption Bureau (ACB) Kashmir in an official communiqué informed that it has registered a case under Prevention of Corruption Act on outcome of a written complaint received in ACB, Hqrs J&K, to look into the allegations related illegal/fraudulent appointments made in JK bank.

“Since the allegations reflected in the complaint disclose commission of criminal misconduct by Officers/officials of J&K, bank which constitute offence under section 5(1) (d) of Prevention of Corruption Act  Samvat-2006 and punishable under section 5(2) of the Act,  Case FIR No. 10/2019 was registered in P/S Anti Corruption Bureau Central Kashmir Srinagar and investigation of the case was taken up,” reads the statement of ACB Kashmir.

“Immediately after registration of FIR searches of premises of Corporate Office J&K Bank Head Quarters and during search operations documents/discriminatory material pertaining to the appointments were seized,” it said.

“Further investigation is going on,” it added.

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