HC seeks report on recovery of embezzled money from JKCA

Fayaz Bukhari
SRINAGAR, Sept 5:The High Court today sought report from the Central Bureau of Investigation (CBI) on steps taken for recovery and seizure of embezzled amount from Jammu and Kashmir Cricket Association (JKCA).
Hearing an application filed by CBI seeking further time to conclude the investigation in JKCA multi-crore scam and misappropriation of funds which were provided by Board of Control for Cricket in India (BCCI) to JKCA for promoting cricket activities in the State, Court directed that in case CBI has come to conclusion that misuse and cheating of funds has taken place then what step have been taken for recovery of the money.
“We also direct the investigating agency that if during the investigation it comes to the conclusion that the alleged embezzlement has taken place, file a report to indicate what steps have been initiated for recovery/seizure thereof”, Division Bench of Justice Mohammad Yaqoob Mir and Justice M K Hanjura directed. CBI through its counsel Tahir Shamsi (ASGI) has informed the court that 95 percent of probe into the scam has been completed. Court with these submissions granted only six weeks time to conclude the investigation.
“…Only six weeks time is granted in the first instance to ensure that the investigating agency shall complete the investigation. They shall file latest status report of the investigation by or before next date. If on perusal of the investigation records need arises for further extension of time, same will be considered”, Justice Mir and Justice Hanjura said.
Apart from this, Court has been apprised that in pursuance to the instructions received from Zonal Police Headquarters, Kashmir for providing logistic facilities to CBI team to undertake expeditious investigation of FIR No. 27/2012, Sub-Inspector Naseer Ahmad has been nominated as Liaison as well as Nodal officer.
With regard to taking away all the facilities including computer system by the State police, CBI team has again approached the police headquarters for restoration of logistic facilities and same is being considered. Court also directed the state Government to provide all logistic support to the CBI team during the course of the week including vehicles.
CBI has sought three months time for completion of investigation but BCCI counsel Sunil Sethi opposed it and submitted that the amount allegedly embezzled shall be recovered so that same can be utilized for development of the sports activities in the State. “Same is the concern of the petitioner also, who is present in person”, read the order.
Till date status of investigation revealed that as much as  368 documents have been collected from Srinagar Police, auditors of JKCA based in Srinagar, JKCA office 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.
BCCI had transferred a total amount of Rs 1,12. 33 crore to JKCA from April  2002 to December 31, 2011″, mentioned the application of CBI.

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