Jammu and Kashmir bank chairman removed over recruitment exam row

After his removal, Anti Corruption Bureau (ACB) officials conducted raids on the corporate headquarters of J&K Bank in Srinagar.

Published: 09th June 2019 02:20 AM  |   Last Updated: 09th June 2019 10:19 AM   |  A+A-

Exam, Examination

For representational purposes

Express News Service

SRINAGAR: Eight months after J&K Governor Satya Pal Malik alleged that 582 candidates, who qualified for recruitment exams for Jammu and Kashmir (J&K) Bank examinations, were dropped, the state government on Saturday sacked J&K Bank chairman Parvez Ahmed and appointed RK Chibber as the interim chairman.

After his removal, Anti Corruption Bureau (ACB) officials conducted raids on the corporate headquarters of J&K Bank in Srinagar.

“Parvez Ahmad, chairman and managing director, shall cease to be on the Board of Directors of J&K Bank and, consequently, no longer be the chairman-cum-managing director of the bank,” read an order signed by Vishal Sharma, additional secretary of the finance department in Jammu & Kashmir.

The order said RK Chhibber has been nominated as the director on the board and may be further appointed as the interm chairman-cum-managing director.

“These directions shall come into effect immediately,” the order said.

Parvez was appointed as J&K Bank chairman in 2016. He is the first top banker in the Valley to be unceremoniously removed from the post before end of his term. The Jammu & Kashmir administration holds 59% shares in the bank.

After Ahmed’s removal as chairman, the ACB sleuths raided the corporate headquarters of the bank in Srinagar. Sources said the sleuths, accompanied by officials, were looking for recordings of J&K Bank.

“During the searche, documents and material pertaining to appointments were seized,” a source said.

Reacting to his dismissal, Ahmed tweeted, “Absolutely no regrets. Did my job most diligently, honestly and in the best interest of the institution.”

Stay up to date on all the latest Nation news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp