Precious Kashmir News
Srinagar, Oct 1: The Anti Corruption Bureau (ACB) has registered a case against the officials of Jammu and Kashmir Bank (JKB) and proprietors of a Mumbai company for awarding contract not following the proper tendering norms thus causing a loss to the tune of more than Rs six crore.
A spokesman of the ACB said that an FIR was registered against accused Surjeet Singh Seghal, the then Executive President J&K Bank (now retired), Parvaiz Ahmad, the then Chairman of J&K Bank (now retired), Feroz Ahmad, the then Assistant Vice President; and Sahil Vora and Rishabh Vora, Directors of M/s SILA Solutions Pvt Ltd along with the residents of 508 Olympus Apartments 5C, Altamont Road Mumbai.
He said FIR was registered on the allegation that the officers and officials of J&K Bank Ltd awarded tenders of housekeeping to a Mumbai based Company by not following the proper tendering norms and that has led to the losses to the bank of the tune of Rs 6,29,56,575 from the date of award of contract.
He said the case pertains to allotment of tenders, for housekeeping of offsite ATMs, to a Mumbai based Company by not following proper tendering norms as provided the contract to the said firm despite not falling into the criteria of any such allotment.
Earlier, spokesman said, a verification was conducted by Anti Corruption Bureau Central into the matter wherein it was revealed that J&K Bank with HQ at Srinagar came out with a Pan India tender for housekeeping services in the year 2015.
However, J&K bank officials in contravention of tender conditions negotiated the rates with and awarded it to M/S SILA Solutions in gross violation of General Financial Rules (GFR).
He said the contract of M/S SILA Solutions amongst other conditions included ATM cleaning and deployement of janitors. The additional management fee awarded to M/S SILA Solutions by J&K Bank was not part of original tender. The loss on the account of the tender has worked out to be more than Rs 6 crore, he said adding the loss is likely to go up as investigation progresses.
He said in this connection, P/S ACB Srinagar Kashmir conducted search at the residential house of Feroz Ahmad Kaloo, Assistant Vice President J&K Bank Son of Mohammad Maqbool Kaloo situated at Mohalla Muma Khan (Kathidarwaza), opposite Psychiatric Hospital Rainwari Srinagar. Incriminating documents were seized during searches.
The investigation of the case is in progress, the spokesman said.