Excelsior Correspondent
SRINAGAR, Aug 21: Central Bureau of Investigation today told the Jammu and Kashmir High Court that Police has withdrawn their facilities needed for the completion of investigation into multi-crore scam in Jammu and Kashmir Cricket Association.
The CBI apprised the Court about the status of investigation with regard to the JKCA scam and submitted that 95 percent investigation has completed and only 5 percent is yet to be carried out. Its counsel submitted before the Court that the infrastructural facilities (accommodation for the CBI team,vehicle, security, etc) which was provided by the local police has been withdrawn from the office of SP headquarters. “Even the desktop computer provided to the CBI team has been removed from the CBI camp without taking CBI officials into confidence”, he informed the Court.
Division Bench of Chief Justice Baddar Durrez Ahmad and Justice M K Hanjura after this information observed that how can the State authorities do this if they (CBI) are investigation the embezzlement of multicrore scam. Court said the State Counsel (B A Dar) will verify the incident and inform the court in this regard.
Court on delay in taking the investigation to its conclusion observed to Investigating Officer of the CBI who was present in the Court that he cannot adopt the attitude which he has adopted so far as ample time has been granted to the agency (CBI) for taking the investigation to its logical end.
Investigation so far carried by the CBI revealed that as much as 368 documents have been collected from Srinagar police, auditors of JKCA based in Srinagar, JKCA officer Srinagar, BCCI Mumbai, HDFC Bank Mohali Punjab, ICICI Bank Chennai and different branches of J&K Bank located in Srinagar and Jammu.
CBI investigation further revealed that 75 persons, including office bearers of BCCI, JKCA, Banks, private persons related to the case have been examined.
It has emerged during investigations that a total amount of Rs. 1,12,33,04,618 (approx) had been paid by the BCCI to JKCA during April 2002 to 31.12.11 as annual grants.
“That since, vital records of the case have been damaged during flood, as reported by the state police to the High Court, therefore, with the Assistance of M/S Wahidi Associates, a Chartered Accountant firm of Srinagar, money flow charts reflecting remittance from BCCI and ultimate utilization of the same at JKCA end have been prepared on the basis of Bank Records”, investigation report said.
It has further transpired from the investigation that huge amounts have been transferred from the accounts of JKCA to the accounts of different individuals, who were either office bearers of JKCA or having no connection with the JKCA during the relevant period.
“That it has surfaced during investigation that modus-operandi of the suspects of siphoning of the funds of JKCA was to get issued cash credit certificates against remittances received from BCCI, avail loans against the CCRs and get the loan accounts closed by getting appropriated the proceeds of CCRs and thereafter misappropriate the loan proceeds in question”, read the report.
CBI report said that evidence regarding siphoning of JKCA funds and depositing of the same in the personal accounts of offices bearers of JKCA during the relevant period has been collected and the same are being scrutinized/synchronized.
“However during the period CBI team visited Srinagar in July 2017 and made efforts to complete the investigation. That although considerable portion of the investigation has been covered few points still require to be investigated”, CBI submitted.
“That the bank accounts clandestinely opened and operated by the then office bearers of JKCA for siphoning off the funds of JKCA have been traced and money flow chart prepared. Concerned persons remain to be examined”, read the report.
It has further come to fore that CBI has identified the multiple bank accounts of different individuals and documents in which funds of JKCA had been transferred during the relevant period. That the concerned persons acquainted with the books of accounts of JKCA, which had reportedly been fudged, are yet to be examined.
BCCI had transferred a total amount of 1,12,33,04,618/- (approx), to JKCA from April 2002 to December 31, 2011″, mentioned the application of CBI.
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