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news details
‘Former JKSFC MD appointed 6 officers to secure son’s future’
10/21/2020 12:41:57 AM
Avinash Azad

Early Times Report

Jammu, Oct 20: Former Managing Director of the cash-starved Jammu and Kashmir State Financial Corporation (JKSFC) appointed six officers in the corporation allegedly to secure a job for his son.
“The MD for his vested interest engaged several officers, including his son, at the pretext of reviving the corporation. Within one month of confirmation of his service the son of the former MD was sent on deputation to Power Development Corporation (PDC),” sources told Early Times. They said, “The JKSFC, which is already facing financial constraint due to the corporation being mismanaged, engaged seven officers, including Assistant Account Officer, Techno Economic Analyst (TEA) and Small Branch Officer on contractual basis at a consolidated pay of Rs 18,000 per month. The appointments were made on management’s plea for revival of corporation, but the process proved fishy, when former MD’s son was sent on deputation to another corporation.”
“The Techno Economic Analyst (former MD’s son) was getting the maximum salary compared to his counterparts in the corporation,” sources alleged, adding that the record divulges that the services of four out of six officers were confirmed by the management just after they completed one year.
“On February 2, 2013, vide order number SFC/PS/24/13-1231, services of two TEAs, Ahzaz Ahmad Shah and M Naseer-U-Zaman, SBO Vinod Chouhan and AAO Mohammad Iqbal Makeyee were regularised”, sources said.
However, challenging confirmation of services of four officers, sources said that it was an eye wash by the then MD to adjust his son in another corporation. “All these officers were engaged on contractual basis for one year instead of 2-year probation period. The former MD used a shortcut method to pave the way for his son’s entry into the PDC,” the sources claimed.
They said “The anti-graft agencies, including Anti Corruption Bureau, should take a serious note of this job scam and conduct a probe.”
Rajesh Shavan, MD JKSFC, when contacted said that he would take
appropriate action in the case. “I have not joined my new assignment yet, but I will take the matter to its logical conclusion,” he added.
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