J&K

Bank defaulter Dy Mayor of SMC, owes millions to SDA

Srinagar: Deputy Mayor of Srinagar Municipal Corporation, Sheikh Imran who is a defaulter for crores of rupees to the J&K Bank, also owes over Rs 80 lakhs to the Srinagar Development Authority. Officials said Imran had “procured” space for office at the Sangarmal Shopping Complex in Srinagar around eight years ago but that he has […]

J&K

Srinagar-based group got illegal benefits from J&K Bank: Official

Srinagar: The Income Tax (I-T) Department on Thursday conducted search and seizure operations against a Srinagar-based business group with interests in real estate and information technology on allegations of large scale diversion and misappropriation of loans taken from the Jammu and Kashmir (J&K) Bank, an official statement said. The raids were conducted in Kashmir, Jammu, […]

J&K

Searches at properties of sacked J&K Bank Chairman

Srinagar: A team of the Anti-Corruption Bureau (ACB) on Wednesday carried out searches at properties belonging to sacked J&K Bank chairman, Pervez Ahmad Nengroo. The searches were carried out at three locations including Nengroo’s private residence. The ACB team were accompanied by Magistrates and policemen during the searches. Nengroo was sacked by the Jammu and […]

J&K

ACB registers case against Deputy Mayor Srinagar, J&K Bank officials

Srinagar: Anti-Corruption Bureau has registered a case against deputy Mayor Srinagar Municipal Corporation, J&K Bank and government officials for “illegal appropriation of subsidy with inflated project cost for establishment of CA storage at Lassipora, Pulwama.” “Case FIR No. 3/2019 u under section 5(1) (d) P.C Act Samvat 2006, punishable u/S 5(2) of the Act r/w […]

J&K

RTI activist’s protracted battle with J&K Bank likely to bear fruit

Srinagar: Raja Muzaffar Bhat, president of Jammu and Kashmir RTI movement has fought a protracted battle with the management of the Jammu and Kashmir Bank seeking transparency and accountability in working and asset management by this premier financial institution of the state. Speaking exclusively to IANS, Bhat recalled his longstanding battle over the Bank’s proclaimed […]

J&K

Probe into J&K Bank malaise widens; 5 top officials shifted

New Delhi: As the scope of the investigation involving J&K Bank enlarges, the jiggery pokery that existed has sent alarm bells ringing. The extent of the malfeasance is humongous. Five top officers from the sacked J&K Bank Chairman Parvez Ahmad Nengroo’s Secretariat were transferred on Monday evening to different branches. The Central government has decided […]

J&K

JK Bank Chief sacked for indulgence into corruption, nepotism, favouritism, backdoor appointments

New Delhi: Parvez Ahmad Nengroo, who was sacked from the post of J&K Bank chairman on Saturday, is alleged to have sanctioned loans worth hundreds of crores of rupees, in brazen violation of laid down guidelines and standard operating procedures, to clients recommended by former ministers in PDP-BJP government. J&K Anti-corruption Bureau (ACB is now […]