Srinagar, Jan 10: The Anti-Corruption Bureau (ACB) J&K has registered Disproportionate Assets (DA) cases against two senior officials of Srinagar Smart City Limited: Sajid Yousuf Bhat, the Chief Financial Officer (CFO), and Zahoor Ahmad Dar, the Executive Engineer.
SSP ACB, Waheed Ahmad Shah revealed that his follows a secret verification by the ACB into the allegation that both officials had accumulated assets disproportionate to their known sources of income and were leading lavish and luxurious lifestyles.
Addressing a press conference in Jammu, Shah confirmed the registration of the cases and provided details of the investigation. He highlighted that the ACB found substantial evidence that both suspects had illicitly enriched themselves through corrupt practices, attracting charges under sections 13(1)(b) and 13(2) of the Prevention of Corruption Act, 1988.
He said, Sajid Yousuf Bhat, a resident of Namblabal Pampore and currently posted as CFO at Srinagar Smart City Limited, owns a commercial property in Rambagh, Srinagar, whose actual price is significantly higher than the value stated in the sale deed. Furthermore, he has multiple bank accounts with suspicious transactions. As a result, an FIR No. 01/2025 has been registered against Bhat at ACB Srinagar.
Zahoor Ahmad Dar, residing in Galibabad, Shalteng, Srinagar, owns a lavish multi-storied house, a Sedan car, and has suspicious bank transactions linked to both his personal and his spouse’s accounts. In addition, Dar has been found to possess Benami properties and substantial assets in the form of fixed deposits (FDRs). An FIR No. 02/2025 has been registered against Dar under similar provisions of the Prevention of Corruption Act.
Search warrants were obtained from the Court of law, and searches are currently underway at different locations associated with these cases. The investigation is ongoing, with the ACB making progress in uncovering the full extent of the alleged corrupt practices, the SSP added.
