Allegations of large-scale irregularities in matters related to loans, finances and appointments are at the heart of raids by the state anti-corruption bureau (ACB) at the corporate headquarters of the Jammu and Kashmir Bank that continued in Srinagar for a second day on Sunday, according to Union home ministry and ACB officials. The home ministry and the state government also decided to split the post of chairman-cummanaging director of the bank –held by Parvez Ahmad Nengroo who was removed on Saturday – in accordance with Reserve Bank of India (RBI)…
Read MoreIrregularities in appointments, loans at heart of J&K Bank raids
