ACB books ex-MD SICOP for possessing huge assets

Jammu

The Anti-Corruption Bureau (ACB) has registered a case of disproportionate assets against Rattan Lal Tikoo, ex MD SICOP and during probe, assets worth crores were detected.

As per official spokesman, on the basis of a written complaint, verification was initiated by ACB to look into the allegations of accumulation of huge assets by Tickoo, son of Shambu Nath Tickoo of Lower Laxmi Nagar Sarwal District, then Managing Director (MD) of SICOP for possessing assets disproportionate to his known sources of income.

As per details surfaced during verification, Tickoo has invested proceeds of ill gotten money in immovable and movable properties by indulging in corrupt and illegal practices raised over a period of time during his service tenure.

Some of the immovable and movable properties raised by the suspect officer in his own name and in the name of his family members which came to fore during verification proceedings were a house at Indira Nagar (Mouza Sonwar) Srinagar purchased in the name of his wife, one flat at Tawi Apartments Sidhra, another flat at Royal Palms Apartments Akhnoor Road Jammu, a plot/land measuring 2 kanals at Bhalwal Jammu in the name of his daughter, three industrial units i.e. M/s ACE Steel Fabrications Jammu, M/s Dayal Fabrications Birpur Bari Brahmana and M/s ST Steel, IGC, Phase-I, Samba in the name of his daughter, a Maruti Car 800 bearing registration number JK02AE-7017 in the name of his wife, two trucks bearing registration numbers JK02AU-9287 and JK02AV-0887 and one Scooty number JK02BE-6391 in the name of his daughter, deposits in his Bank accounts besides huge investment in Insurance Policies and incurred expenditure on MBBS and MD (Pathology) Degree of his daughter.

The spokesman added that in consequence of his indulgement in corrupt and illegal practices and having taken advantages of his lucrative posting in SICOP, the accused RL Tickoo had acquired huge assets, both movable and immovable by investing proceeds of his ill gotten money in such properties.

The accumulation of properties and assets have been raised by the suspect officer either on his own name or in the name of his family members by abuse and misuse of his official position as a public servant which amounts to criminal misconduct as defined under section 13(1)(b) PC Act 1988 punishable under section 13(2) of the Act.

Consequently, a case under FIR Number 28/2019 was registered against Tickoo in Police Station ACB Jammu and the investigation has been entrusted to DySP Devinder Singh.

Pursuant to registration of case, searches were conducted in Jammu at many places and during search additional properties were discovered. In addition to the assets, incriminating documents relating to investment were also recovered, the spokesman said, adding that investigation of case is going on.

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