Centre focuses on curbing terror financing, money laundering and corruption in J&K
New Delhi, Jun 10 (UNI): The Centre, along with Jammu and Kashmir Government, has focused on improving governance, with a crackdown on corruption, nepotism, favouritism, striking against backdoor non-transparent employment, a Home Ministry source said here on Monday.
The clamping down on terror financing, money laundering trails, ensuring compliance with directives of Reserve bank of India are now priorities of the Government to make the state corruption free, the source added.
The action against the J&K Bank chairman and investigation into alleged backdoor appointments, “irregularities, loot and plunder” is intended to cleanse the system, a government official said who does not want to be named.
Jammu and Kashmir Governor Satya Pal Malik on Saturday removed the J&K Bank chairman and managing director Parvez Ahmed from his post.
The anti-corruption bureau also raided the bank’s headquarters.
Action against the J&K Bank chairman was one more step in this direction to bring the high and mighty corrupt people before law.
Due to continuous persistence of Home Ministry, the Anti-Corruption Bureau was established in the state just a few months ago.
The new ACB Chief was appointed two months back.
The ACB is probing many allegations of corruption and nepotism against Parvez Ahmad, and his meteoric rise from a Charted Accountant to Chairman in a short span of 15 years, despite his shady reputation and was allegedly involved in corrupt practices, a senior government functionary said on condition of anonymity.
He also favoured his relatives in getting the prime posting and his daughter-in-law Shazia Ambreen was appointed as a probationary officer in J&K Bank who is currently heading Hazratbal branch.
He is also accused of granting loans worth hundreds of crore of rupees, which was a brazen violation of Standard Operative Procedures or guidelines to select recommendees of Imran Ansari and Sajad Lone.
Overdrafts of hefty amounts were released to habitual defaulters of other banks.
The probe agency also scrutinizes the expense Rs 8 crore spent under CSR on beautification of Royal Spring Golf Course which is a rendezvous of elite and has no utility for common people and exorbitant rise in cost income ratio from 200 to 500 percent.
The Jammu and Kashmir government holds 59 per cent stake in the J&K Bank.
A number of steps have already been taken recently by the central agencies like the Enforcement Directorate, NIA, CBI, CBDT and J&K government against corruption and terror-funding.
The removal of the chairman of J&K Bank is yet another step to combat corruption and bring the mighty corrupt people before the law, a senior Home Ministry official said.
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