The Diplomat Desk
Srinagar, (TDD):The Anti-Corruption Bureau (ACB) of Jammu and Kashmir has initiated two separate cases of Disproportionate Assets (DA) against senior officials of Srinagar Smart City Limited. The cases target Sajid Yousuf Bhat, the Chief Financial Officer (CFO), and Zahoor Ahmad Dar, the Executive Engineer, who are accused of amassing assets far exceeding their known sources of income.
The ACB conducted a covert investigation into the allegations, uncovering evidence of lavish lifestyles and illicit wealth. Sajid Yousuf Bhat is suspected of owning a commercial property in Rambagh, Srinagar, valued significantly higher than the sale deed price, along with multiple bank accounts showing suspicious transactions. Meanwhile, Zahoor Ahmad Dar is accused of owning a luxury multi-storied house in Shalteng, Srinagar, and engaging in questionable financial activities, including suspicious bank transactions and the acquisition of properties under false names.
Both suspects face charges under the Prevention of Corruption Act, 1988, for possessing assets disproportionate to their known lawful income. The ACB has registered two FIRs (No. 01/2025 and No. 02/2025) and obtained search warrants from the court. Ongoing searches at various locations linked to the suspects are expected to shed more light on their illicit dealings as the investigation progresses.(TDD)
