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news details
Notorious "JAKFED" scam still unresolved
11/13/2017 11:04:05 PM
Ishtiyaq Ahmad

Early Times Report

Srinagar, Nov 13: The investigation conducted by various agencies in the embezzlement of Rs 300 crore detected by the House Committee of the J&K Legislative Council, in Jammu & Kashmir Cooperative Supply & Marketing Federation Limited (JAKFED), has still not been concluded to the logical ends.
Sources told Early Times that the big giants, bureaucrats and suppliers who are responsible for the scam, are creating hurdles in the investigation so that somehow they manage to move scot-free. "Normally the investigations are time bound so that the culprits are punished under law of the land. But it seems that in this case nobody is ready to punish the culprits," sources said.
Sources said that though recently the meeting was convened in office chambers of the Chief Secretary to decide the action required on a report concluded by the agencies, but the Vice Chairman of JAKFED who recently took over the reins of the corporation, surprisingly tried to defend and wanted to put a hold on any further step as was required under rule.
The meeting was attended by the vice chairman of JAKFED along his team of officers of the company. "Various senior bureaucrats where also present in the meeting and the report was tabled before the committee headed by Chief Secretary," sources maintained.
Sources said that the report suggested that the final course of action needs to be taken to apprehend the culprits, responsible for this scam and also arrest the trend of malpractice in the organization.
The embezzlement of Rs 300 crore was detected by the House Committee of the J&K Legislative Council in JAKFED and the government has on record said that appropriate action would be initiated against the culprits.
The government had said that 21 employees were allegedly involved in the embezzlement and that the timely action on the House Committee report was taken by the department.
Sources said that, Chief Secretary was approached to take further action after observing necessary legal formalities.
Sources said that the House Committee report was forwarded to the Vigilance Organization on May 29, 2015 for intimating whether there were any similarities in the findings of the House Committee. "However the Vigilance Organization had said that there is similarity in respect of the allegations and part of the period mentioned in the House Committee report," sources maintained.
Sources said that though the JAKFED organization has mandate to supply and market variety of products as per their constitution, but has moved beyond their set rules of working for survival. "The auditors have also in the past pin pointed the irregularities during their course of audit but nothing concrete was done to set right the findings," sources maintained.
It is to mention here that the State Government had ordered one man commission headed by K.B. Pillai (IAS) in Rupees 300 crore JAKFED scam, wherein Pillai had established fake movement of fertilizer and food grains and recommended the termination of those involved in the scam.
A report of this Commission was also tabled in the State Legislative Assembly over which the elected representatives had many times raised hue and cry.
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