Srinagar: A team of the Anti-Corruption Bureau (ACB) on Wednesday raided the properties of recently sacked J&K Bank chairman, Pervez Ahmad Nengroo at three locations including Nengroo’s private residence.
Nengroo was sacked by the Jammu and Kashmir government on June 8 after allegations of gross irregularities and misuse of his official position during his tenure as the Bank’s Chairman.
He was replaced by an interim chairman while a search committee was set up to look for a new chairman and the managing director of the state’s premier financial institution.
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