Tarigami welcomes probe against 'corruption' in J&K Bank

Communist Party of India (M) senior leader Muhammad Yousuf Tarigami Tuesday welcomed the probe against “corruption, nepotism and favouritism” in Jammu and Kashmir Bank, calling the step “better late than never.”

“We had been maintaining for last several years that fraudulent recruitment exercises were going on in the bank and huge loans were sanctioned to the kith and kin of influential persons in violation of laiddown norms,” Tarigami, in a statement said.

“We had been demanding transparency in the functioning of the Bank and that is why we demanded that it should be brought under the ambit of legislature and Right to Information Act (RTI),” he said.

Tarigami said, “The ambit of the present probe should not be limited to last three or four years only, it should be widened and if any wrongdoings happened in the previous governments that too should be probed, and responsibility fixed.”

“We hope the Anti-Corruption Bureau (ACB) will take the probe to its logical conclusion and all those found guilty of wrongdoings are punished,” Tarigami said.

“We also hope that the probe will be time-bound and all the investigations are put in the public domain.”

“The selection process of appointing a new chairman and MD must be carried out in transparent manner so that the new management is competent, professional and honest to provide all requisite services to the people and business community of the state,” he added.