As MHA turns focus on ending high-level corruption in J&K, details of probe into sacked J&K Bank chief Parvez Nengroo accessed

After the Jammu and Kashmir government on Saturday removed Chairman of J&K Bank Parvez Nengroo and appointed R K Chibber as interim chairman of the lender, Republic TV has accessed details of allegations of corruption and nepotism that are being probed by the ACB:  

Here are some of the allegations that are being probed, as per sources: 

• Alleged dubious credentials of Parwez Nengroo and his meteoric rise from a CA to Chairman in a short span of 15 years. 
• That he allegedly got his nephew (Muzaffar) posted into his office immediately after taking over as Chairman. He is considered a key man of the now ex-Chairman. 
• That his daughter-in-law Shazia Ambreen was appointed as a PO and is currently heading Hazratbal branch 
• Two J&K bank branches, Kaprin in Shopian and Wuyan in Pulwama, operate in his personal premises despite being unsuitable from a banking point-of-view. 
• Nengroo's personnel manager Aslam Ganai allegedly acted as a conduit for effecting transfers in the bank as per ex-Chairman's wishes with complete disregard to the bank's interests.
• Two relatives, Asif Beg and M. Fahim, one of whom is Nengroo's nephew- control HR and Board affairs including credit proposals
• Nengroo's sister's son allegedly works at a company with which JK Bank recently signed an insurance deal.

READ: Jammu And Kashmir Bank Chairman Parvez Ahmad Removed; R K Chibber Appointed Interim Chief

As per sources, the overall focus in terms of J&K Bank will be:

1. Improving governance
2. Crackdown on corruption, nepotism, favouritism
3. Striking against backdoor non-transparent employment
4. Clamping down on terror financing, money laundering trails 
5. Ensuring compliance with RBI directives
6. Checking gold plating and evergreening of loan accounts
7. Bringing transparency and accountability in functioning with proper oversight
8. Splitting the CMD post as directed by RBI and bringing checks and balances in line with industry best practices
9. Keeping the bank healthy, functional and maintain it's position as the leading bank in the state with a national footprint.

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In addition to the policy of zero tolerance towards terrorism in Jammu and Kashmir, the MHA in the Government of India has kept the establishment of rule of law and taking action against corrupt persons as a high priority, according to sources.

Many actions have been taken by ED, NIA, CBI, CBDT, as well as various agencies of J&K Government. Recently, steps have been initiated against Zahoor Watali and many others for financing terror, including attaching of various properties of terror financiers in Gurgaon and J&K; starting of trial against Yasin Mallik, and others. Due to the persistence of MHA, the Anti Corruption Bureau was established in J&K just a few months ago.