Allegations that are levelled on ex-J&K Bank Chief

THE ALLEGATIONS 
 
● Sources in the Anti Corruption Bureau (ACB), which is investigating the charges against Ahmed, said the bank was being run as Ahmed’s personal fiefdom as he got his nephew Muzaffar posted into his office immediately after taking over as chairman.

● Pravez Ahmed’s nephew’s wife, Shazia Ambreen, was appointed as a PO and is currently heading its Hazratbal branch. Two of his relatives –– Asif Beg and M Fahim –– control the HR and board affairs, including credit proposals.

● Faheem Nengroo and Taseen Nengroo, who are also related to him, were working in the former chairman’s office, said sources aware of the investigation carried out by ACB.

● The JK Bank had also recently signed an insurance deal with IFFKO TOKIO, where Parvez Ahmed’s sister’s son is working.

● Official sources said Shamsuddin Andrabi, a 12th pass, and a relative of former PDP minister Farooq Andrabi, was appointed directly as manager and posted in JK Bank’s Bhaderwah branch. Officials close to ACB said two JK bank branches –– in Kaprin Shopian and Wuyan Pulwama –– operate in the premises owned by him and his in-laws.

● Ahmed was also charged with indiscriminate transfer of bank staff and for that his personnel manager Aslam Ganai acted as his conduit, said informed sources. Loans worth hundreds of crores of rupees were allegedly sanctioned in brazen violation of the standard operating procedure to select persons recommended by Kashmir politicians –– Imran Ansari and Sajad Lone.

● The ACB is also looking into the siphoning of public money through CSR. Sources stated that `8 crore was spent under CSR on beautification of Royal Spring Golf Course, which has no utility for common people. Investigators are also probing why the interior work of hundreds of branches were allotted to select individuals for Rs 50 lakh to Rs 1.5 crore a branch when the actual cost was only 30% of the money paid, said official sources. 

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