Kashmir Indepth

Fresh Loan Scam in J&K Bank, Ex MLA’s wife given Rs 5 Cr loan without mortgage, guarantor

BJP JK spokesman terms it blot on J&K Bank’s face, urges ACB to register case, bring culprits to book

Srinagar, June 07: In a shocking revelation, a whopping Rs 5 Crore loan scam has come to fore from Barzulla branch of Jammu and Kashmir bank and the BJP’s J&K unit makes a fervent appeal to the Anti Corruption Bureau to register a case against all those involved in the scam book all the accused involved in the act.

In a statement issued to news agency KINS here, BJP’s J&K spokesman Altaf Thakur demanded stern action against the J&K Bank employees involved the Rs 5 Crore loan scam which includes the then Zonal head of Central Kashmir-1 Ms Tabassum.

“I am shocked to see the documents that reveal one Shabana Lone wife of Ex MLA Shoiab Lone had managed to get Rs 5 crore loan in the month of May last year from J&K Bank Branch Barzulla Srinagar. Surprisingly, she had kept nothing as mortgage neither was there any guarantor which is against the violation of loan rules,” Thakur said.

What is more shocking, Thakur said, is that in the month of September last year, things were cleared for Shabana for not paying back the loan amount. “Bank rules were flouted brazenly and the reality is that there is no evidence as to why the loan was sanctioned for Shabana as she had no business unit or a genuine case to seek such a huge amount for loan,” the BJP leader said.

He said that irony is that when the scam took place, Pervez Ahmed, the sacked chairman of J&K Bank was heading the institution and the only action taken was Zonal head Ms Tabbasum was attached with the headquarters and no action was taken against Shabana Lone.

Thakur said that this seems to be the tip of iceberg of J&K Bank scams and urged the Anti Corruption Bureau to register a case and reach out to bottom of it to find out how rules were violated in a brazen violation just to appease one particular person.

“I hope ACB will take note of the issue instantly register a case and take the investigations to its logical conclusion at the earliest,” Thakur said.(KINS)

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