A spokesperson for the bureau said Parvaiz Ahmad Nengroo, a former chairman of J&K Bank, had been named in the chargesheet for alleged corrupt practices, including authorising “backdoor” appointments. Six of the alleged beneficiaries of these appointments were also arrested and produced before a special court, which granted them bail.
Mushtaq Ahmed Sheikh, another former chairman of J&K Bank, is among those under the scanner for alleged corruption. Besides allegedly fraudulent transactions and deals, a huge number of illegal appointments are being investigated.
According to the spokesperson, sheaves of documents pertaining to allegedly illegal and fraudulent appointments had been seized. “These voluminous records show that from 2011 onwards, the chairmen of the time made around 2,500 backdoor appointments,” he said.
Besides Nengroo and Sheikh, the ACB on Monday arrested Abdul Rashid Shigan, a retired executive president of J&K Bank. Ayub Wachoo, a former vice-president of HR who now heads the bank’s Anantnag zone, is also under investigation.
The ACB spokesman said the court of anti-corruption judge RN Wattal would next hear the…