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J&K Bank case: ACB searches properties of Pervez Ahmad Nengroo

The ACB officials were accompanied by Magistrates and policemen during the searches.

SNS | New Delhi |

The officials of the Anti-Corruption Bureau (ACB), on Wednesday, searched three locations including the private residence of sacked J&K Bank chairman Pervez Ahmad Nengroo.

The ACB officials were accompanied by Magistrates and policemen during the searches.

The Jammu and Kashmir government had removed Parvez Ahmad from the post of the Chairman-cum-Managing Director of the J&K Bank amid allegations of gross irregularities and misuse of his official position during his tenure as the Bank’s Chairman. He was replaced by RK Chhibber as the interim Chairman of the bank on 8 June.

The state government had issued an order which said, “Parvez Ahmad 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.”

The Anti- Corruption Bureau (ACB) had registered a case under the Prevention of Corruption Act against the J&K Bank for having allegedly made “illegal and fraudulent” appointments in the bank.

On the other hand, the state government had announced that long term measures will be taken to streamline the functioning of the bank.

The ACB said that a written complaint was received against such appointments and since the allegations reflected in the complaint disclosed commission of criminal misconduct by Officers/officials of J&K Bank which constitute offence under section 5(1)(d) of Prevention of Corruption Act Samvat-2006 and punishable under section 5(2) of the Act, Case FIR No. 10/2019 was registered at P/S Anti Corruption Bureau Central Kashmir Srinagar and investigation of the case was taken up.