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 […]

J&K

Omar welcomes steps for improving JK Bank functioning, warns against playing politics with it

Srinagar: National Conference vice-president Omar Abdullah Sunday said steps taken to improve functioning of the Jammu and Kashmir Bank would be welcomed, but the administration must guard against playing politics with the financial institution. The Jammu and Kashmir Governor’s administration Saturday removed Parvez Ahmad as the chairman of the bank and appointed its executive president […]

J&K

An eventful day for J&K Bank: Vigilance cracks whip to unveil ‘backdoor appointment scam’

Chairman removed; Corporate Headquarters raided by Vigilance team, R K Chibber new interim head; top vigilance officials say 1200 appointments during PDP-BJP regime Srinagar: For the Jammu and Kashmir’s premier financial institution—J&K Bank, it was an eventful day on Saturday as the Governor Satya Pal Malik led administration cracked its whip on the head of the […]