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| SFC clarifies, justifies appointment of MD's son, Bukhari's relative | | Highly qualified young professionals? | | Avinash Azad
JAMMU, Dec 9: State Financial Corporation (SFC) whose audit reports indicate disaster at the doorsteps has sent a detailed 'official' clarification of its wrongdoings and purported acts of nepotism.
The clarification, copy of which is with Early Times, is infact a detailed account of the part of story narrated by Early Times. SFC has said that reports have failed bring to light complete position so that people come to know about the facts. Thereafter, the corporation has given justification of why it engaged blue-eyed and highly influential candidates for what it has described as strengthening managerial cadres of corporation with the approval of Board of Directors (BOD).
These include Naseer-uz-Zaman, son of Managing Director of the Corporation S.A. Makroo, who has not only been engaged but within one month of confirmation of his service, has been sent him on deputation at Power Development Corporation (PDC), from where he will follow the same path which sons of other influential and powerful bureaucrats, mediapersons and politicians have taken over the last so many years for retiring on top positions in various Government institutions.
Without naming the two local dailies, corporation has claimed to have advertised the posts for young professionals almost five times in two leading dailies of the state. Even then, young unemployed who have been applying for even fourth class posts did not apply for these posts which SFC had advertised in two leading dailies. After the advertisements, SFC maintains that nine young professionals were selected.
However, it does not explain why only two blue-eyed and influential made it to the final selection list. Not only Naseer-uz-zaman, the other Techno Economic Analyst (TEA) Syed Ahzaz Ahmad Shah is close relative of NC MLC Syed Mushtaq Bukhari. To justify selection of these two blue-eyed, SFC has said that they posses first class and above professional double degrees in the related fields of engineering, management, MFA and CA.
Records do show that the statement of SFC is factually correct but it makes no mention of how it found out only two blue-eyed fit for the job. It has claimed that selection process was carried in the most transparent manner and as per set procedures, by a committee headed by one of the renowned economist of the state. It has claimed that Managing Director was not member of the selection team.
They have further said that all the new recruits have been on probation for two years despite their good performance. To further justify transfer of Naseer-uz-zaman to another corporation, which is robust and where benefits are far more than in State Financial Corporation (SFC), the corporation has referred to well-laid policy of inter-corporation mobility with the aim of facilitating higher multi-disciplinary exposure to the employees working in state PSUs.
11 employees of understaffed State Finance Corporation are on deputation and eight retired officers are enjoying re-engagement in cash starved corporation. These Corporations have become bankrupt only due to corrupt practices of management of Corporations but every time the blame was put on employees that they are not working", an employee pleading anonymity said, adding that it was the faulty policies and interference of politicians in the Corporations, which have ruined the same. |
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