Former Jammu Kashmir Bank Chairman, Parvez Ahmed Nengroo
Former Jammu Kashmir Bank Chairman, Parvez Ahmed Nengroo

SRINAGAR — Former Jammu Kashmir Bank Chairman, Parvez Ahmed Nengroo, who had been arrested on the charges of corruption, was granted bail on Saturday.

Nengroo was was arrested by Anti-Corruption Bureau in two different cases last year.

Sources said that a bail application was filed and argued on his behalf by Advocate Ishtiyaq Ahmed Khan before the Court of Special Judge Anti-Corruption Kashmir.

The court granted the accused interim bail with a surety bond of Rs one lakh but ordered him to appear before the investigating team in between from 10 AM to 2 PM as and when called by the Investigating Officer.

Pertinently, Former chairman of J&K Bank, Parvez Ahmad Nengroo was arrested last year in April in connection with a case of illegal allotment of tenders by Jammu and Kashmir Bank regarding housekeeping, to a Mumbai-based company (M/S SILA Solutions Pvt. Ltd) for housekeeping that, according to Anti-Corruption Bureau (ACB), led to a loss of crores of rupees to the bank.

The ACB had registered a case in October 2019 against a private firm and three former bank officials, including Nengroo, for allegedly causing a Rs 6.92-Crore loss to the bank by not following tendering rules.

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