JAKFED issues still unresolved

On one hand India is celebrating the 69th All India Cooperative Week while on other hand employees of erstwhile JAKFED (Jammu and Kashmir Cooperative Supply and Marketing Federation Limited) are running pillar to post for their pending dues since 2019 when it was closed after decision of State Administrative Council after years of continuous huge losses. At the time of winding up, JAKFED had around two hundred twenty plus employees who were assured adjustment to other departments or VRS under rules. Total liabilities were around one hundred seven crores but JAKFED had assets of hundred odd crores which were to be liquidated to clear liabilities also. Once a success story of selling fertilizers and seeds and then reckless expansion into every business from supply of domestic gas to cement to grocery and what not and ultimately proving story of jack of everything but master of none true. Practically rampant mismanagement, pilferage, corruption, embezzlement, excess staff, improper records keeping and what not happened with officers to clerks all hand in glove. The saga of fleecing exchequer money ended under watchful eyes of GoI. But fate of its employees remain undecided till now. Though some lucky ones got adjusted in Jammu and Kashmir and some other in Ladakh but all others are department less since 2019. Neither assets have been sold off due to ambiguities in land title nor VRS scheme rolled out and none of them got their dues or salaries. Employees only follow policies of bureaucrats deployed by administration but as in other cases no bureaucrat was held accountable for year after year dismissal performance, which still goes on with JAKFED rented out assets, but these employees have been made to suffer for too long now. With CIC intervention it is time now for administration to remove all hurdles and come out with a way to sort out the things to wind up the entire process in the most appropriate manner, deciding fate of employees, their salaries as well as VRS option.

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