Jammu, Oct. 21 -- 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...