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| Secretary illegally shuffles Sports Council funds | | Rs 4 cr transferred illegally to help branch JK Bank managers achieve targets | | Abodh Sharma
jammu, Apr 29: The controversy over embezzlement of funds in Jammu Kashmir Cricket Association (JKCA) yet to die down, another incident of financial misappropriation, this time in the Jammu and Kashmir State Sports Council, the top sports body of the state has come to the fore.
Managers of two branches of Jammu and Kashmir Bank have connived with Secretary of the Jammu and Kashmir State Sports Council to illegally withdraw huge amounts from the decades old account of the Council and deposit it in their branches to enable them achieve their deposit targets.
Sources in the Jammu and Kashmir State Sports Council revealed that Secretary, Sports Council, Kiran Wattal withdrew Rs. 4 cr. from account no. 4869, the official account of the Council in Chand Nagar branch of the Jammu and Kashmir bank without the sanction of the vice president of the Council, the Minister for Sports R S Chib or the standing committee, the apex decision making body of the Council, or even the treasurer of the Council, the Commissioner Secretary Technical Education and deposited Rs 2cr each in the Town Hall and the Tutan di Khui branches of the JK Bank as fixed deposits, on two different dates. While the first transaction was made to the Town Hall branch on September 29, 2011 the second one was made to Tutan di Khui branch on March 27, 2012. Interestingly, both these transactions were made days before the quarterly financial closings of the Bank.
"Both these transactions were illegal because first of all Secretary has no authority to affect such huge transactions without the sanction of the vice president, standing committee or the treasurer, further, the branches in which the transactions were made were offering lesser rate of interest than the branch where the account originally existed" said an officer of the account section of the Council "The accounts officer refused to sign the cheques" he lamented. The claims of the accounts official were verified by a member of the standing committee, the former Secretary of the Sports Council. "This is misappropriation of public money done to extend benefits to the bank managers. The Minister should take a serious note of it" he emphasized.
While the beneficiary Bank Managers Randhir Singh Chib of the Town Hall Branch and Preetam Singh of the Tutan di Khui branch could not be contacted, a senior manager in the JK Bank when contacted for comment pleading anonymity confessed that certain branch managers do indulge in such mal practice wherein inorder to achieve their deposit targets, they offer illegal gratification to the HoDs to get their deposits transferred in their branches.
Repeated attempts on the cellphone of the Minister for Sports, RS Chib failed to evoke any response; Meanwhile, resentment is brewing against the Secretary within the Sports Council for the arbitrary manner of handling Council funds. |
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