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Vigilance sleuths raid J&K Bank headquarters after chairman Parvez Ahmad’s removal

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Srinagar : Minutes after the removal of as of the Bank, state vigilance organisation sleuths Saturday raided the financial institution’s corporate headquarters here, officials said.

The vigilance organisation was looking for records of nearly 1,200 appointments allegedly made at the behest of political masters of the previous in the state and during Ahmad’s tenure, they said.

replaces Ahmad, who was appointed in 2016 as the of the 

Parvez Ahmad, chairman-cum-managing director, shall cease to be on the Board of Directors of the and consequently be no longer the of the board,” an order issued by Additional Secretary,Finance, said here.

The order said Chibber has been appointed as the interim chairman and the director on the Board of Directors of the Jammu and Kashmir Bank.

R K Chibber is hereby nominated as the director on the board and may be further appointed as the interim chairman cum managing director of the board, the order read. PTI

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