Srinagar
Central Bureau of Investigation (CBI), which is probing the multi crore scam in Jammu and Kashmir Cricket Association has informed the High Court that huge amounts of money have been transferred from the accounts of JKCA to the accounts of former office bearers of the Association and other individuals, who had no connections with it, Daily Excelsior reported on Wednesday.
The information has been provided in an application moved by the CBI, seeking further time to complete the investigation in the case.
CBI in its investigations has stated that 360 documents have been collected so far from various offices including Police authorities, Auditors of JKCA, Board of Control for Cricket in India having its office in Mumbai, HDFC Bank Mohali Punjab, ICICI Bank Chennai and different Branches of J&K Bank located in Srinagar and Jammu, the report said.
CBI in its application revealed that huge amounts have been transferred from the accounts of JKCA to the accounts of different earlier office bearers of JKCA and other individuals who were having no connections with the JKCA during the relevant period.
During the investigation, CBI submitted, it has surfaced that modus operandi of the suspects for siphoning off funds of JKCA was to get issued cash credit certificates against remittances received from BCCI and avail the loans and thereafter get the loan accounts closed in order to misappropriate the loan proceeds in question.
“The evidence regarding siphoning off JKCA funds by office bearers of association has been collected and the same are being scrutinized and synchronized”, CBI said, according to the report.
It is worthwhile to mention here that High Court in the month of September 2015 had handed over the infamous scam in JKCA to CBI and had directed it to conclude the investigation in the alleged scam within a period of six months and file its report before the court.
As per the court direction CBI was supposed to complete the investigation initially in the matter within 6 months preferably which could not be done and thereafter further time was sought by CBI and court granted two months which expired in September last year and now the agency has again moved application for extension of time.
CBI till date has revealed that the bank accounts clandestinely opened and operated by the office bearers of JKCA for siphoning off funds of JKCA have been traced and money flow chard in this connection has been prepared and concerned persons are examined.
