Excelsior Correspondent
SRINAGAR, Feb 6: The High Court today closed the proceedings in multicrore scam in Jammu and Kashmir Cricket Association as the Court has been informed that the investigation into the scam has been concluded by the Central Bureau of Investigation (CBI).
The Division Bench of Justice Mohammad Yaqoob Mir and Justice Sanjeev Kumar disposed off the application of the CBI as the counsel representing CBI informed the Court that the investigation into the alleged scam has been completed and after proper formalities, the challan in this connection will be produced before the court of law within a period of one month.
CBI on previous hearing was granted last and final opportunity to complete the investigation in multicrore misappropriation of funds in Jammu & Kashmir Cricket Association.
It may be mentioned here that the PIL with regard to the scam was disposed of by the court in the year 2015 with the direction to CBI to conclude the investigation into the matter within six months. However, CBI on various occasions moved applications for extension of time from the Court in completing the investigation and on the previous occasion the extension sought by the CBI was vehemently opposed by the other parties and the Court granted last and final opportunity for the same.
Funds which were provided by Board of Control for Cricket in India (BCCI) to JKCA for promoting cricket activities in the State, were allegedly embezzled and misappropriated resulting into filing of PIL before the Court which was decided by the Division bench and it directed the CBI to investigate the scam with six months.
CBI has revealed that as much as 368 Number of 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, different branches of J&K Bank located in Srinagar and Jammu and 75 persons, including office bearers of BCCI, JKCA, Banks and private persons related to the case, have been examined.
It has emerged during investigation 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.
It has also 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.
CBI has traced those accounts which have been opened clandestinely and operated by the then office bearers of JKCA for siphoning off the funds of JKCA as also money flow chart has been prepared.
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