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 R K Chibber as the interim chairman.
Ahmad’s dismissal was followed by Anti-Corruption Bureau(ACB) raids at the Corporate Headquarters of the bank. “Any step taken toimprove the functioning of J&K Bank will be welcomed but the administrationof the day must guard against playing politics with the bank. It’s called J ANDK Bank for a reason. It’s not meant to be a trophy for regionalistpolitics,” Abdullah said in a tweet.
The ACB has registered a case under Prevention of CorruptionAct after receiving a complaint to look into the allegations related to illegaland fraudulent appointments made in the bank.