Vigilance produces Challan against ex-MD SFC, others

STATE TIMES NEWS
JAMMU: Vigilance Organisation on Friday produced Challan against then MD State Financial Corporation (SFC) Ejaz Iqbal along with other officials and private persons for abuse and misuse of official position in forged and manipulated auction of M/S Anand Bricks Private Limited and M/S Jammu Ceramics Private Limited located at Kangrail Mishriwala, Jammu belonging to Late Rabinder Nath Anand who expired in 2004.
The Challan in the case FIR No. 07/2011 under Section 5(1)(c)(d) read with 5(2) J&K P.C. Act Svt. 2006 and Sections 467, 468, 471, 419, 420, 201 and 120-B RPC registered at Police Station Vigilance Organisation Jammu (VOJ) was produced in the Court of Special Judge, Anti-corruption, Jammu against Ejaz Iqbal along with Rajinder Prasad, then Chief Manager large branch office SFC, Ravinder Mishra, then Manager Industries large branch office SFC, then Assistant Manager large branch office SFC, then Naib-Tehsildar Bhalwal, Ram Dayal then Patwari Halqa Kangrail, Sham Lal Gupta (Surveyor), resident of 61 B/B Gandhi Nagar Jammu (Private person), Rakesh Kumar, Amit Kumar Gupta and Ravi Gautam.
The case was registered on the basis of joint raids conducted by the teams of Vigilance Organisation in the premises of large branch office SFC Jammu and Srinagar simultaneously following allegations of fraudulent and manipulated auction of aforesaid companies belonging to Late Rabinder Nath Anand in 2009 by Ejaz Iqbal and others.
During investigation, it has been established that the accused public servants in criminal conspiracy with each other and with the private persons with full knowledge and dishonest intentions fraudulently processed the papers for the change of ‘lease hold rights’ to ‘absolute ownership rights’ over approximately 58 Kanals 15 Marlas of land where upon superstructures of M/S Anand Bricks Pvt. Ltd and M/S Jammu Ceramics Pvt. Ltd. were raised, through a forged and manipulated auction process thereby causing wrongful and huge loss to the extent of Rs. 108 lakh approximately to SFC and loss of land to the heirs of Late Rabinder Nath Anand and corresponding gain to aforesaid accused persons.
After completing the investigation, Government sanction in respect of in-service accused officials as well as approval against the private/retired persons was obtained from the competent authority i.e. State Financial Corporation and GAD and accordingly the Challan was produced.

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