July 2019 News

MD, Officers Of JAKFED In ACB Net

2 July 2019
Kashmir Observer

Srinagar: Anti-Corruption Bureau, on Tuesday registered a case against Managing Director, other officers and officials of the JAKFED in connection with the bulk purchase of cement at highly exorbitant rates to cause 'huge loss' to the state exchequer. 'A verification was conducted to look into the allegations that the MD and other officers and officials of JAKFED had made a bulk purchase of cement without any demand in lieu of pecuniary benefit and dumped the stock at Ware House Store-Railway Complex Store, thereby causing loss of Rs. 15 per bag on account of carriage charges,' the anti-graft body said in a statement. He had also allotted the contract for loading and unloading of cement of Railway Station valuing of Rs. 30 lakh illegally after obtaining gratification etc, it said. 'It came to fore during verification that from April-2010 to August 2010 JAKFED procured Shree Cement (OPC) at the rate of Rs. 224 per bag, whereas during the financial year 2010-11, its sister agency Store Procurement Department (SPD) procured the same brand of cement at the rate o Rs. 187.31- per bag,' it said.