Excelsior Correspondent
SRINAGAR, June 11: The probe against corruption, nepotism and favouritism in Jammu and Kashmir Bank by the Government is a better late than never step and we had been maintaining for the last several years that fraudulent recruitment exercises were going on in the Bank and huge loans were sanctioned to the kith and kin of influential persons in violation of laid down norms.
“We had been demanding transparency in the functioning of the Bank and that is why we demanded that it should be brought under the ambit of legislature and Right to Information Act (RTI). Time and again we were saying it on the floor of the Assembly, but unfortunately the successive Governments didn’t allow it to happen,” former MLA MY Tarigami said in a statement here today.
“If there was nothing to hide, the functioning of the Bank must have been put in the public domain. The argument by some vested interests that due to the action against those involved in fraudulent recruitments and financial transactions, the Bank will collapse is hilarious. Keeping every wrongdoing in the Bank under the carpet is in the interests of vested interests and not the common people,” Tarigami added.
He said ambit of the present probe should not be limited to last three or four years only, but it should be widened and if any wrongdoings happened in the previous Governments that too should be probed, and responsibility fixed. The Bank will strengthen only when there is transparency. The credibility of the Bank in the public eye will increase when there is transparency and favouritism, nepotism and corruption is curbed. People are being misled on the question of eroding autonomy to the Bank by bringing it under the ambit of RTI and legislature. The fact is it will strengthen the premier financial institution of the state as transparency brings accountability, ex-MLA maintained.
“We hope the Anti-Corruption Bureau (ACB) will take the probe to its logical conclusion and all those found guilty of wrongdoings are punished. We also hope that the probe will be time-bound, and all the investigations are put in the public domain,” Tarigami said.
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