Irregularities in appointment, sacking out chairman; ACB concludes raid sparing no one involved in corruption

News Bharati    11-Jun-2019

Srinagar, June 11: Performing their duty, weeding out corruption, the Anti-Corruption Bureau (ACB) in Jammu and Kashmir had conducted search operations at the J&K Bank. Seeking information into allegations of fraudulent appointments in the Jammu and Kashmir Bank (J&K Bank), the search operations at the corporate office was concluded.


A spokesman of ACB said, "The searches of the premises of J&K Bank which started yesterday after registration of FIR by Anti-Corruption Bureau concluded on Sunday. Further investigation in the case is going on, he added. During search operations, documents, discriminatory material pertaining to the appointments were seized. Further investigation is going on and questioning of accused or suspects will follow.

The ACB raided the corporate headquarters of the bank, within minutes of the sacking of bank chairman Parvez Ahmad. The government ordered Ahmad's dismissal and replaced him with an interim chairman, R K Chibber who was executive president of the financial institution.

The Anti-Corruption Bureau, which is looking for the records of the nearly 1,200 appointments, made allegedly during Ahmad's tenure as chairman of the bank. On Saturday a case was registered under the Prevention of Corruption Act on the basis of a written complaint received in ACB headquarters to look into the allegations related to illegal or fraudulent appointments made in the bank.

The spokesman of the ACB said that 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 the Prevention of Corruption Act, and punishable under section 5(2) of the Act, a case (FIR No. 10/2019) was registered in Police Station Anti Corruption Bureau (ACB) Central Kashmir, in Srinagar, and investigation of the case was taken up.