Lieutenant Governor Manoj Sinha has launched a scathing attack on the past leadership of Jammu and Kashmir, accusing them of exploiting Jammu and Kashmir Bank (J&K Bank) for personal gain and neglecting the development of the Union Territory. His fiery remarks raise crucial questions about accountability and transparency in financial institutions and governance.

Sinha emphatically disrupts the notion of J&K Bank as a personal fiefdom of past leaders. He asserts, “J&K Bank is not someone’s private property and is meant for the people of J&K.” This statement underscores his commitment to shifting the bank’s focus back to its intended purpose – serving the needs of the people.

The LG’s accusations are severe. He paints a picture of past leaders enriching themselves and their families through J&K Bank, accumulating wealth in foreign banks while the people of J&K suffered. He highlights the ostentatious lifestyles of these leaders, residing in “opulent palaces,” as stark evidence of their alleged misappropriation of funds.

Sinha further criticizes the past leadership for failing to deliver on their promises. He highlights their lack of attention to job creation, business development, and agriculture, areas crucial for the well-being of the people. This critique suggests a systemic neglect of vital sectors, hindering the overall growth and development of J&K.

The LG goes on to claim that central funds meant for J&K’s development were misused by past leaders to sustain their extravagant lifestyles. This raises serious concerns about transparency and accountability in the utilization of public funds. If true, such misuse would directly impact the development projects and initiatives intended to benefit the people of J&K.