Excelsior Correspondent
Jammu, Apr 8: In a significant administrative move, the Jammu & Kashmir Government has dissolved the elected management committee of the Sainik Colony Co-operative House Building Society Ltd. following serious allegations of financial mismanagement and unauthorized hikes in transfer fees.
The decision was taken under the direction of the Cooperative Minister after multiple complaints surfaced regarding the committee’s functioning. Authorities cited allegations of dictatorial governance, lack of transparency and decisions taken without approval from the Annual General Meeting (AGM).
Subsequently, the government has appointed three new administrators, Priyanka Bhat (JKAS), Bhawani Attri (JKAS) and Varun Kumar (JKAS), who have assumed charge to oversee and regulate the affairs of the society.
According to residents, several controversial decisions by the previous committee had triggered widespread resentment.
Locals alleged that long-standing concessions on transfer fees for defence personnel were scrapped without due process, adversely impacting the community the colony was originally established for.
Residents further claimed that despite promises made during elections to serve without remuneration, members of the erstwhile committee were drawing hefty honorariums without approval from the AGM.
The intervention by the Registrar of Cooperative Societies, Commissioner Secretary and Divisional Commissioner Jammu has been widely welcomed.
The move is being seen as a step towards restoring transparency and accountability in the functioning of the society.
Reacting to the development, Rakesh Choudhary, president of the Businessmen Association, Sainik Colony, along with several local residents including Jai Singh, Romil Sassan, Sukhdev Choudhary, Parkash Jamwal, Rajinder Jamwal, Ashwani Bhatti, Nazir Choudhary, Satish Sharma, Devinder Sharma, Harnam Singh and Vikram Singh, hailed the Government’s decision.
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