SRINAGAR: Kashmir Economic Alliance (KEA) Tuesday said the startling revelations through media regarding JK Bank building deal in Mumbai and one of its Directors receiving kickbacks has come as another shocker after earlier expose.
This looks like history repeating itself. A few decades back a prime property belonging to the State was sold for peanuts by the then Government. Now it is the opposite. A purchase through a wheeler dealer friend, and a Director of the Bank, using his influence and clout, Siraj Ahmad, Chief Spokesperson of KEA said in a statement.
No other Bank in the country or elsewhere would have remained tight lipped after serious allegations of discrimination and wrong doings were levelled against it in public. Even the government and or other regulatory agencies have not directed the management to come out clean and dispel the allegations so as to regain public faith and confidence. It seems that the bank does not care and respect the public sentiments and apprehensions of its clients. And same can be said of the State Government, he said.
The KEA, the spokesperson said, would in all earnest requests the Bank management to come out clean on the issues raised by the two dailies. Names, facts, figures and discriminations given in the columns of the two papers have caused enough doubt and suspicion among the share holders and clients. Both the Government, and the Bank management including its Board of Directors are duty bound to come out with the facts and clean hands, as otherwise the Bank will suffer due to the erosion in its credibility. KEA will definitely look for other avenues to get the facts if the Bank maintains its silence and resorts to dubious methods of silencing public apprehensions, he said.
Siraj added that KEA firmly believes that the Bank management by organizing meetings with some trade delegations in no way can hoodwink the opinion of the people and by such approach cannot try to absolve itself from its responsibilities in the backdrop of the serious allegations surfaced against it.
The KEA pledged to take all possible measures to safeguard the interests of the Bank by making the Bank Management including its Board of Directors accountable.
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