ACB concludes search in bank's headquarters

The Anti-Corruption Bureau (ACB) Sunday again raided the J&K Bank’s corporate headquarters here to probe allegations of “corruption” and “misconduct” by the bank higher ups. Earlier, on Saturday the ACB sleuths had raided the bank headquarters immediately after Parvez Ahmad Nengroo was removed from the position of Chairman-cum-Managing Director of J&K Bank.

A spokesman of the bureau in a statement said that the searches of the premises of J&K Bank which started yesterday after registration of FIR by Anti Corruption Bureau, were concluded on Sunday.

“In continuation to registration of case FIR 10/2019 on 8.6.2019 under Prevention of Corruption Act on outcome of a written complaint received in ACB, Hqrs. J&K, to look into the allegations related illegal/fraudulent appointments made, the searches of premises of Corporate Office J&K Bank Head Quarters concluded today and during search operations documents/discriminatory (sic) material pertaining to the appointments were seized,” the statement read, adding that further investigation “is going on and questioning of accused/suspects will follow.”

A senior ACB official informed Greater Kashmir that as part of the probe, “search was carried out on the second day also at the bank’s corporate headquarters at Dalgate, here.” However, he refused to divulge any details regarding the progress, if any, made in the probe. “After proper scrutiny of the documents and incriminating material, the ACB will submit a comprehensive report,” he said.

“The bureau,” he said, “was looking for records pertaining to nearly 1200 appointments made in the bank allegedly at the behest of political masters of the previous PDP-BJP dispensation in the state during Parvez’s tenure as Chairman.” Some bank officials said the bureau’s sleuths arrived early in the morning on Sunday and conducted searches for the second time at the bank’s headquarters. They were accompanied by police personnel.

They said the ACB officials checked files and documents related to the appointments.

The government Saturday sacked Parvez Ahmad and replaced him with an interim Chairman cum Managing Director, R K Chibber who was Executive President of the bank. Earlier, the ACB had said that the complaint received by it alleged commission of criminal misconduct by J&K Bank officers. “This constitutes offence under section 5(1)(d) of Prevention of Corruption Act Samvat-2006 which is punishable under section 5(2) of the Act. A case FIR 10/2019 was registered in P/S Anti Corruption Bureau (ACB) Central Kashmir in Srinagar and investigation taken up,” the spokesman said.