The J&K Bank has terminated the services of a Chief Manager-rank officer for “the State’s security interests” and decided against holding any formal inquiry.
The terminated officer has been identified as Chief Manager Sajad Bazaz, also a widely-read columnist on economic affairs and banking. He writes for the Greater Kashmir, a local daily.
“It was determined that, given the State’s security interests, conducting an inquiry in the case of Sajad Ahmad Bazaz, Chief Manager, would not be deemed appropriate or advantageous. In view of this, Mr. Bazaz’s services as Chief Manager are hereby terminated with immediate effect,” a bank communication, quoting the Managing Director, said.
