Jammu, Jan 10: The Anti-Corruption Bureau (ACB) initiated action on Friday against two senior officials from Srinagar Smart City Limited, filing cases related to disproportionate assets (DA). Officials confirmed that searches are taking place at seven different locations across the valley in relation to these investigations.
“ACB has registered DA cases against Chief Financial Officer (CFO) Sajid Yousef Bhat and Executive Engineer Zahoor Ahmad Dar of Srinagar Smart City Limited,” stated Assistant Inspector General (AIG) of ACB, Abdul Waheed Shah, during a press briefing.
The ongoing searches are associated with the allegations focusing on both the CFO and the Executive Engineer, who are suspected of possessing assets far exceeding their legal income sources. Reports suggest that both individuals live extravagant lifestyles, according to the officer.
Investigation revealed that Bhat owns a commercial property in Rambagh, Srinagar, with a market value that is significantly higher than the price listed in the sale deed. Additionally, several bank accounts with questionable transactions have been uncovered, Shah added.
A case has been filed at the ACB Police Station in Srinagar concerning Bhat. Similarly, Dar has been found to possess an opulent multi-story residence in Shalteng, Srinagar, along with a luxury sedan and multiple bank accounts exhibiting dubious transactions related to both his and his spouse’s financial dealings. Shah mentioned the discovery of ‘benami’ properties and substantial assets in the form of fixed deposit receipts (FDRs), leading to a case being registered against Dar at the ACB Police Station in Srinagar.
Both individuals are suspected of engaging in corrupt activities that, at first glance, violate the Prevention of Corruption Act due to their ownership of assets inconsistent with their known legal income sources, the AIG concluded.
Jammu, Jan 10: The Anti-Corruption Bureau (ACB) initiated action on Friday against two senior officials from Srinagar Smart City Limited, filing cases related to disproportionate assets (DA). Officials confirmed that searches are taking place at seven different locations across the valley in relation to these investigations.
“ACB has registered DA cases against Chief Financial Officer (CFO) Sajid Yousef Bhat and Executive Engineer Zahoor Ahmad Dar of Srinagar Smart City Limited,” stated Assistant Inspector General (AIG) of ACB, Abdul Waheed Shah, during a press briefing.
The ongoing searches are associated with the allegations focusing on both the CFO and the Executive Engineer, who are suspected of possessing assets far exceeding their legal income sources. Reports suggest that both individuals live extravagant lifestyles, according to the officer.
Investigation revealed that Bhat owns a commercial property in Rambagh, Srinagar, with a market value that is significantly higher than the price listed in the sale deed. Additionally, several bank accounts with questionable transactions have been uncovered, Shah added.
A case has been filed at the ACB Police Station in Srinagar concerning Bhat. Similarly, Dar has been found to possess an opulent multi-story residence in Shalteng, Srinagar, along with a luxury sedan and multiple bank accounts exhibiting dubious transactions related to both his and his spouse’s financial dealings. Shah mentioned the discovery of ‘benami’ properties and substantial assets in the form of fixed deposit receipts (FDRs), leading to a case being registered against Dar at the ACB Police Station in Srinagar.
Both individuals are suspected of engaging in corrupt activities that, at first glance, violate the Prevention of Corruption Act due to their ownership of assets inconsistent with their known legal income sources, the AIG concluded.
