Trade Body Alleges ‘RSS Push’ In SARFAESI Act Implementation

SRINAGAR: Condemning the enforcement of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act in Kashmir by J&K Bank, Kashmir Economic Alliance (KEA) on Tuesday alleged that the financial institution “seems to be working at the behest of the RSS to deprive people of the state of their assets”.

“The J&K Bank has booked a client under the draconian act, which is injurious for the special status and interests of Kashmir. While other financial institutions didn’t victimize people of Kashmir through this Act our very own bank the J&K Bank has opened these gateways by volunteering to file first such case,” KEA chief Muhammad Yasin Khan, who is also the president of Kashmir Traders and Manufacturers Federation (KTMF), said.

KEA said a leading Srinagar-based daily has published the first such notice issued by the J&K Bank and that it should serve as an eye opener. “This seems to be trailer of how some hidden forces want to gag Kashmir and encroach upon their legitimate rights and resources. The institution seems to be working at the behest of the RSS to meet the interests of Nagpur,” it said.

Warning the government of far reaching consequences of the implementation of SARFAESI Act, KEA said it seems to be a deep-rooted conspiracy to deprive people of Jammu and Kashmir of their assets.

KEA cautioned Chief Minister Mehbooba Mufti that through such actions, “the people in general and Kashmir Inc in particular were being pushed towards the wall and that such conspiracies will have far reaching consequences”.

Meanwhile, asking the business community to forge unity in fighting such ‘nefarious designs’, KEA also appealed the civil society to play its role. “There needs to be a strategy to fight such designs,” it said.

KEA asked the state government to “stop” politics of appeasement towards New Delhi and be concerned about the interests of Jammu and Kashmir. “Business community is being chocked from all sides and we cannot be silent spectators to this slow poisoning,” it further alleged.


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