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SRINAGAR: Former Jammu and Kashmir Bank chairman Parvez Nengroo, who was arrested in connection with a tender fraud case on April 3 this year, was granted bail on Saturday by the special anti-corruption court in Kashmir.
The judge, while granting the interim bail against a surety bond of Rs 1 lakh, ordered Nengroo to appear before the probe team as and when called by the investigating officer, lawyer Ishtiyaq Khan said.
Nengroo was sacked as J&K Bank chairman in June 2019 after several financial irregularities surfaced during his two-and-a-half-year tenure. Subsequently in October that year, the anti-corruption bureau registered a case against three former J&K Bank officials, including Nengroo, and a Mumbai-based private firm.
After further investigations, Nengroo was arrested on April 3 this year in connection with a specific case of illegal allotment of housekeeping tenders to a Mumbai-based company that allegedly caused a loss of over Rs 6 crore to J&K Bank.
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