Attack on JK Bank recovery team condemned


Srinagar, Nov 7: The attack on J&K Bank loan recovery team on Tuesday has been widely condemned with Kashmir business fraternity terming it as ‘unfortunate’ and demanding strict action against the culprit.
 Noted businessman and civil society member, Shakeel Qalander said, “If the press reports are to be believed, it is an unfortunate incident and should not have happened. Each and everyone, especially the business community should vehemently condemn it.”
 “J&K Bank is an institution on which our economy thrives. The bank is the backbone of our economy and anything against it can harm our economic growth,” he said.
 Kashmir Traders’ United Front (KTUF), an umbrella organization of Kashmir Traders & Manufacturers Federation, Kashmir Traders Federation and Traders Coordination Forum, strongly condemned the attack.
 “Such criminal acts against the bank and its personnel are unacceptable. The bank has been in the forefront to support the people of the state in every sector,” KTUF in a statement said.
 “KTUF wants to make it clear to one and all that J&K Bank is our invaluable asset which has been serving the people of the state even in worst security environment. The vibrancy in our business and economy is because of the bank. It’s our primary duty to protect the bank at all costs.”
 “KTUF appeals all willful defaulters who have created huge assets out of the bank loan and are in a position to repay the loan, to adjust the J&K Bank’s dues. By blocking the money they are harming the business community of the state, as they are blocking the circulation of money to other businesses which are in dire need of funds.”
 “We assure the management of the bank of all genuine support in recovery of the bank’s money from the willful defaulters,” it said.
 To mention, police on Tuesday registered a case against the owner of Hotel Silver Star, Mir Manzoor Gazanfar for allegedly attacking a team of J&K Bank who had gone to his home for recovery of dues.

Lastupdate on : Wed, 7 Nov 2012 21:30:00 Makkah time
Lastupdate on : Wed, 7 Nov 2012 18:30:00 GMT
Lastupdate on : Thu, 8 Nov 2012 00:00:00 IST

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