Former Speaker an NC MLA Akbar Lone alleged that Speaker Kavinder Gupta and  Deputy  chief minister Nirmal Singh are major among major defaulters of J&K Bank

Speaking to reporters he said even J&K Bank officials aare working in connivance  with ruling coalition government leader and even appointments are being made on political consideration. He alleged  about 2500 appointments  have been made in the bank illegally

Akbar lone said he had  information that many influential leaders of the PDP and BJP are major defaulters. He said he sent short duration notice to give information about defaulters in the House, but , the Speaker didn’t allow it for two consecutive days and rejected it .

He said it’s peoples’ money but the way NPAs are being created  there is a possibility that J&K would bust.