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| It's official now, JK Bank strengthens Kashmir lobby | | Gets 2 directors from Valley, none from Jammu | | Early Times Report
srinagar, Aug 12: Finally, the JK Bank's discrimination with Jammu is an open secret. The bank has appointed two "influential" faces from Kashmir region into the board of directors depriving Jammu of its legitimate share.
Vindicating the series of reports recently carried by Early Times, the officials confirmed that on August 11, the J&K Bank formally appointed two persons from Kashmir -one a leading industrialist and the other one a close relative of a senior minister -in the board of directors.
The decision was taken at a meeting held here at the corporate headquarter of the J&K Bank. The meeting was chaired by JK Bank, Chairman, Mushtaq Ahmed Khan.
However sources said the news of induction of new directors was deliberately downplayed by the bank as an official handout issued on the day highlighted the "net profit of Rs 22.88 Cr for the quarter ended June 2016" than the new appointments.
"While one of the new directors wields influence in the corridors of power for having remained head of union of industrialists in Kashmir, the other one, a former government official, is a close relative of a senior minister from in-laws side," said a senior official, pleading anonymity.
As already reported by this newspaper, three posts of directors fell vacant in June 2016 when two directors from Jammu and one from Kashmir resigned from the JK Bank citing "personal reasons."
To fill up the vacancies, the bank authorities decided to vouch for faces from Kashmir. The third chair has been left vacant, to be filled by another Kashmiri face in near future.
Initially the government was planning to offer some prominent businessmen of Kashmir chair in the board of directors, if they help the government to break the protest calendar as being imposed by the separatists in restive Valley on boil since July 8.
"Though names of ten persons from the business fraternity in Kashmir were under consideration, they refused the offer," said a source.
"Finally the ruling coalition thought it is better to absorb own people into the board of directors than to keep waiting for the one who accepts the offer to defy separatist calls," said a senior official.
Officials said "though the induction of the prominent industrialist from Kashmir is acceptable for his vast experience in the field of business, the other one a retired government official is just not worth for the coveted post." "He (retired government official) is nothing but a Sufarishi Tattoo," ridiculed a senior official in the Finance department in know of the matter.
Two months ago, three directors of J&K Bank resigned under mysterious circumstances.
On June 29, the J&K Bank said three of its directors have resigned from their positions citing "personal reasons." The trio was Dalip Kumar Kaul, Khaver Alam Jeelani and Vikrant Kuthiala.
Despite repeated attempts the JK Bank Chairman Mushtaq Ahmed Khan could not be contacted for comments. |
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