Srinagar, Dec 23 (IANS) The Jammu and Kashmir Anti-corruption Bureau (ACB) on Monday produced its first chargesheet in the special anti-corruption court against 23 officials of the Jammu and Kashmir Bank for making illegal appointments in the premier financial institution.

Top sources in the ACB told IANS that the chargesheet was presented on Monday in the court of R.N. Wattal, Judge, special anti-corruption court, against 23 officials of J&K Bank.

“Those charged for making illegal appointments in the bank include two former chairmen namely Sheikh Mushtaq Ahmed and Parvaiz Ahmed Nengmroo.

“Also charged in today’s chargesheet are two former Vice Presidents of the bank, Mohd Ayoub Wanchoo and Fayaz Ahmed.

“The 23 accused in the chargesheet include 12 serving officials of the bank, five retired employees and six beneficiaries,” ACB sources told IANS.

The sources said the chargesheet has been filed in the special anti-corruption court for making illegal appointments in the bank in 2011 and onwards.

“The accused were identified during an investigation in ACB FIR no. 10/2019,” sources said.

Among those politicians who reportedly influenced the bank officials to make illegal appointments were allegedly former Chief Minister Mehbooba Mufti and some former ministers of the then PDP-BJP state government.

Reliable inputs were received in the ACB revealing that J&K Bank had created unprecedented and illegal practice of making more than 3,000 backdoor appointments clandestinely, contrary to the rules and norms governing the subject.

In addition to scores of backdoor appointments made in the bank, there have also been serious charges of financial irregularities which are being investigated by the ACB and chargesheets against those accused in these irregularities are likely to be filed subsequently.

ALSO READ  Journalists Condemn Thrashing Of Reporter In Bandipora

In order to safeguard the interest of bank depositors/stakeholders, the Reserve Bank of India (RBI) appointed a special nominee on the bank’s board of directors in addition to sacking the then Chairman Nengroo.

The bank has assured all its depositors/stakeholders that the financial parameters of the bank are sound and there is no need for the bank’s depositors to worry.

With a network of over 450 branches, J&K bank has the largest presence in the financial sector of Jammu and Kashmir and is seen as the commercial backbone of the Union Territory.

You May Also Like

Shutdown in Kashmir to mark JKLF founder’s 37th death anniversary

Srinagar, Feb 11 (PTI) Normal life was affected in Kashmir on Thursday…

Mother Of Slain Rebel Saddam Padder Gives Gun Salute To Son In Shopian

SRINAGAR, MAY 07: The mother of slain Hizb ul Mujahideen commander Saddam…

Delhi Waqf Board gives Rs 5 lakh, job to student who lost eye in Jamia violence

A Jamia Millia Islamia student, who was injured during a violent protest…

Kashmir Flood: Water Level Receding at Sangam, Increasing In Srinagar

News Desk Water level at 3 pm: Sangam 21.55 feet – 0.45  21…