Different Theories Behind Removal of J & K Bank Chairman
New Delhi, 10 June (HS): The J & K Bank chairman Parvez Ahmed has been charged with cases of nepotism in appointments, indiscriminate promotions and transfers, violation of the standard operating procedures in sanctioning of loans and funds diversion by Anti-corruption Bureau. The vigilance department is raiding the bank’s headquarters and residence of chairman.
However, it is said that the order of his removal as chairman should have come from Reserve Bank of India and not from the state administration. Therefore, political plot is suspected regarding this and it is said that the government is trying to build case against People’s Democratic Party and National Conference for their interference in recruitment. This move by state government is also seen as center’s effort to remove special status of the state.
Amid all these, former chief minister Omar Abdullah tweeted that the bank should not be made a political victim by BJP dominated government without reason. It should be in interest of functioning of bank.
