Open to scrutiny on every transaction: Ousted J&K Bank chairman

Ousted chairman of Jammu and Kashmir Bank Parvez Ahmad on Saturday said he was “open to scrutiny” on every transaction during his tenure with the bank.

Jammu and Kashmir Government on Saturday sacked Parvez Ahmed as chairman of J&K Bank and removed him from the board of directors of the bank. 

“Absolutely no regrets. Did my job most diligently, honestly and in the best interest of the institution. Open to scrutiny on each and every transaction I have done during my two decades of functioning in the bank,” Ahmad wrote on Twitter, hours after he was removed as the bank chairman.

In an order issued, the government said: “Parvez Ahmad, Chairman cum Managing Director, shall cease to be Director on the Board of Directors of the Bank and consequently be no longer the Chairman cum Managing Director of the bank.”

“RK Chhibber is hereby nominated as the Director on the Board and may be further appointed as the intermin Chairman cum Managing Director of the Board,” the order read further.

The state vigilance organisation sleuths also raided the financial institution’s corporate headquarters in Srinagar soon after the removal of Ahmad as the bank chairman.