SRINAGAR: The Kashmir Economic Alliance (KEA) of traders on Tuesday expressed shock over “startling media revelations” regarding the JK Bank’s building deal in Mumbai and about one of its Directors having allegedly receiving kickbacks.
“This looks like history repeating itself. A few decades back a prime property belonging to the State was sold for peanuts by the then Government. Now it is the opposite. A purchase through a wheeler dealer friend, and a Director of the bank using his influence and clout,” Siraj Ahmad, Chief Spokesperson of KEA said in a statement to a local news agency, KNS.
“No other bank in the country or elsewhere would have remained tight lipped after serious allegations of discrimination and wrong doings were levelled against it in public.”
“It seems that the bank does not care and respect the public sentiments and apprehensions of its clients. And same can be said of the State Government,” Siraj added.
The spokesman added that the KEA, in all earnest, “requests the bank management to come out clean on the issues.”
“Names, facts and figures given in the columns of the papers have caused enough doubt and suspicion among the share holders and clients. Both the Government, and the Bank management including its Board of Directors, are duty bound to come out with the facts and clean hands,” he said.
“KEA will definitely look for other avenues to get the facts if the bank maintained silence and resorted to dubious methods of silencing public apprehensions.”
The traders body has pledged to take all possible measures to safeguard the interests of the Bank by making the Bank Management including its Board of Directors accountable.
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