SRINAGAR – Anti-Corruption Bureau (ACB) on Saturday raided the residence of a Jammu and Kashmir Bank manager in south Kashmir district of Pulwama, official source said.
They said the ACB sleuths raided the house of the manager, presently posted at corporate headquarter in Srinagar, early this morning in Pulwama.
The Governor administration had on June 8 removed J&K Bank chairman Parvez Ahmad and appointed R K Chibber the interim chairman. Soon after the decision was announced, the ACB searched the bank’s headquarters in Srinagar and also raided the residence of Mr Parvez.
However, recently it was reported that the bank was also involved in hawala transition besides terror funding.
“Parvez Ahmad, Chairman cum Managing Director, shall cease to be Director on the Board of Directors of the Bank and consequently be no longer the Chairman cum Managing Director of the board,” Additional Secretary, Finance, Vishal Sharma had said in the order. It further added that Chhiber had been appointed as the interim chairman and as a director on the board of directors.
The Jammu and Kashmir government holds 59 per cent shares of the bank. It is also the only private sector bank that is designated as the Reserve Bank of India’s agent for banking business and conducts the same services for the Centre apart from collecting central taxes for Central Board of Direct Taxes.
Mr Parvez, who was removed five months before the end of his term, was appointed by the Peoples Democratic Party (PDP) and the Bharatiya Janata Party (BJP) coalition government in October 2016.
Crime Branch Books STL Officials
The Crime Branch of Jammu and Kashmir Police on Saturday registered an FIR against office-bearers of the Sterlite Technologies Limited (STL) here for defrauding a contractor after he allegedly refused to pay Rs 1 lakh bribe for getting clearance of laying underground network for spectrum BSNL cable in Rajouri.
The case was registered against project head of STL Suvesh Pahwa and manager Anoop Slathia and others for preparing a forged document — an agreement dated October 6, 2016 with the intention to put complainant Mohammad Ayoub Khan, a resident of Surankote area of Poonch, to huge financial loss, a spokesperson of the Crime Branch said.
He said they sublet the said work to another contractor by way of making forged documents in violation of the agreement.
A written complaint was lodged by Khan, a contractor, in Crime Branch, Jammu, alleging that BSNL had allotted work for providing and laying of underground network for spectrum (NFS) cable in Rajouri to Messrs Sterlite Technologies, a business partner of Messr Ericsson, who further allotted the contract for an amount of Rs 60 lakh in his favour by virtue of an agreement, the spokesperson said.
He said the complainant took over the assignment to execute the allotted work but unfortunately the accused demanded an amount of Rs 1 lakh as commission for releasing payments, as the complainant had incurred approximately Rs 55 lakh for execution of work.
The accused managed cancellation of the said work order and re-allotted it to Qayoom Hussain Shah in clear violation of the rules and regulations of the company and causing huge loss to the complainant, the spokesperson said.
On receipt of the complaint, he said Crime Branch Jammu took cognizance by initiating a preliminary verification and established that the complainant was actually defrauded by the accused in violation of the agreement.
“The case has been registered and the investigation has been set in motion,” the spokesperson said.