ACB arrests SIDCO accountant in graft case

Srinagar, July 24: The Anti Corruption Bureau (ACB) of Jammu and Kashmir has arrested a Senior Accountant at Small Industries Development Corporation (SIDCO) for allegedly demanding and accepting a bribe.
The ACB in a statement issued here said it received a written complaint stating that Mohammad Yaseen Sheikh, a Senior Accountant at SIDCO, Khunmoh, Srinagar, demanded Rs 20,000 as a bribe for processing a supplementary partnership deed for the complainant. After negotiations, the amount was settled at Rs 15,000.
Instead of paying the bribe, the complainant approached the ACB, which led to discreet verification, which confirmed the demand for the bribe. As a result, Case FIR No. 18/2024 under Section 7 of the Prevention of Corruption Act, 1988, was registered at the ACB Police Station in Srinagar, and an investigation was initiated, it said.
“A trap team was set up, and Sheikh was caught red-handed while demanding and accepting the bribe amount of Rs 15,000 from the complainant. The bribe money was recovered from Sheikh’s possession in the presence of independent witnesses,” the ACB said, adding that further investigation into the case is ongoing.