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Properties of former J&K Bank chief searched

SRINAGAR: Eleven days after he was sacked, the Anti-Corruption Bureau (ACB) conducted searches on the properties of Parvez Ahmad, former chairman of J&K Bank.

J&K Bank chairman & CEO Parvez Ahmed

Tribune News Service

Srinagar, June 19

Eleven days after he was sacked, the Anti-Corruption Bureau (ACB) conducted searches on the properties of Parvez Ahmad, former chairman of J&K Bank.

During the searches that were conducted at three locations, magistrates and police personnel accompanied ACB officials.

Ahmad was sacked by an order of the state government on June 8 over allegations of irregularities in appointments during his tenure of about two and a half years. His term was to complete after three years in October this year. At the same time, the government appointed RK Chhibber as an interim chairman and MD of J&K Bank and ordered a search committee to look for a suitable chairman to take over.

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