VoV Web Desk

Former JK Bank Chairman joins PC

Decrease Font Size Increase Font Size Text Size Print This Page

By: Tariq Shah VOV


Former Jammu and Kashmir Bank chairman Parvez Ahmad Nengroo, on Thursday joined Sajad Lone’s Peoples Conference. In the recent past a lot of people from different walks of life have joined PC and it includes many prominent political activists from National Conference and PDP.

Sajad Lone has been advocating elections and also the return of statehood and has been very critical of PAGD even as initially he joined it and was its spokesman.

Sajad Lone is concentrating on his party in the entire Jammu and Kashmir and has been able to get the political activists and some former bureaucrats into his party fold.

The joining of former bank chairman has shown that Sajad is trying to bring experienced people from different walks of life into his party with eye on the elections

According to PTI Nengroo was removed from the post of chairman of the bank in 2019 by the government, following allegations of corruption.

He was arrested in April this year in a graft case relating to illegal allotment of housekeeping tenders that had allegedly resulted in loss to the tune of crores of rupees to the bank. He was granted interim bail in May this year in the case.

Negroo was welcomed in the party by its chief Lone, who said his joining will play a key role in scripting the PC’s economic agenda for change.

“I whole-heartedly welcome Parvez sahib into the Caravan of Change. He has had an illustrious banking career and is a hands-on leader who has risen from the ranks,” said Lone.

 “During his tenure, we saw one of the fastest turnarounds in the banking industry having turned around the J-K bank’s financial fortunes during his tenure as the Chairman and CEO. He will play a pivotal role in scripting JKPC’s agenda for socio-economic upliftment of the people of Jammu and Kashmir,” Lone added.

Nengroo said he was inspired by Lone’s “sincerity of thought, vision and deep desire” to usher in a new era of socio-economic development in J-K.

“I have earlier had the privilege of serving the people and premiere institutions of J-K in a professional capacity for many decades. It is now my yearning to contribute in creating inclusive political and economic institutions for change by working within the aegis of the People’s Conference.

“We are facing enormous challenges both politically and economically and it is time that we look for collective and institutional solutions to ensure sustainable socio-economic growth and development in J-K”, he added.

Responding to a question on the prevalent political environment in J-K, Lone said it is high time for introspection among the mainstream political parties of Jammu and Kashmir. He also said people must empower and accord the dignity and respect to the mainstream political parties that they deserve.

With PTI inputs

Leave a Reply

Your email address will not be published. Required fields are marked *