Srinagar, June 19: The Anti Corruption Bureau (ACB) raided the residences of former Jammu and Kashmir Bank chairman Parvez Ahmad Nengroo and his brother today.
The searches were carried out at official residence of Parvez on Residency road near Mughal Darbar Bakery in Srinagar. His brother Nawaz Ahmad Nengroo’s house at Natipora was also raided. Nawaz is Acting Station Director Radio Kashmir. Some documents and a laptop was seized during the raid.
The ACB sleuths were accompanied by local police at the time of the raids.
On June 8, Pervez was sacked from his post following allegations of irregularities and misuse of power during his tenure as the J&K Bank`s Chairman.
ACB is investigating the “dubious credentials of Parvez Nengroo, ex-chairman of J&K Bank and his meteoric rise from a CA to Chairman in a short span of 15 years, despite his shady reputation.