SRINAGAR | MAY 06: State Vigilance Organization produces Challan against Brij Bhushan Sharma the then MD J&K Cooperative Housing Corporation (JKCHC) and six others for misappropriation of funds.
In a statement issued, Vigilance said that, a Challan has been produced in Case FIR No. 14/2013 P/S VOJin Hon’ble Anti-Corruption Court, Jammu pertaining to the allegations that misappropriation of funds by J&K Cooperative Housing Corporation Ltd Jammu on account of purchase of land measuring 1559.1 Kanals situated at Village Kaluchak and Dilli adjoining Apna Vihar Colony Jammu.
“Investigation conducted into the allegations of misappropriation of funds by J&K Cooperative Housing Corporation Ltd Jammu has revealed that Brij Bhushan Sharma the then Managing Director, J&K Cooperative Housing Corporation Ltd Jammu, Chander Shekhar S/O Shri G.D Sharma R/O Channi Himmat Jammu and others conspired among themselves and in pursuance thereof misappropriated an amount of Rs. 57.65 lacs on account of purchases of land measuring 1559.1 Kanals situated at Village Kalu Chak and Deeli adjacent to Apna Vihar Jammu”, the satment reads.
The statement further adds that investigation has further revealed that accused persons have procured a loan amount to Rs. 648.57 lacs at first installment out of sanctioned loan amounting to Rs. 810.70 lacs from HUDCO for acquiring land for building colonies but the proposed land measuring 1559.1 Kanals for which loan amount was sanctioned and released was never acquired/taken into possession by the J&K CHC Ltd.
“Though the entire loan amount was either exhausted for other purpose or personal gains. As such Case FIR No. 14/2013 P/S VOJ was registered in Vigilance Organization u/s 5(1)(d) r/w 5(2) of J&K PC Act Svt2006 and Section 467, 468, 471 & 120-B RPC. Accordingly, Challan has been produced in the Court Spl. Judge, Anti-Corruption, Jammu against the following accused persons ; Brij Bhushan Sharma S/O Shri Shiv Ram R/o Sidhra Jammu the then Managing Director J&K Cooperative Housing Corporation Ltd, Chandr Shekhar Sharma S/o Late T. D Sharma R/o 260/3 Channi Himmat Jammu (Private Contractor),Rafiq Ahmed S/o Choudhary Beeran R/o NarwalBala Jammu (Property Dealer), S.P Bhatti S/o Late Sh. D. R Bhatti R/o 35 Apna Vihar Kunjwani Jammu (Director J&K Cooperative House Building Society),Vijay Sharma S/o Dev Dutt Sharma R/o Apna Vihar Kunjwani Jammu (Secretary J&K Cooperative House Building Society),P. S Bali S/o H. S Bali R/o 15 Apna Vihar Kunjwani Jammu (Director J&K Cooperative House Building Society), Sewa Ram S/o Shri Jalla Ram R/o Village Gurha Brahmana PO Muthi Tehsil and District Jammu”, statements added.