Srinagar: Anti Corruption Bureau (ACB) today arrested Fayaz Ahmad Khan, State Manager, Jammu & Kashmir State Industrial Development Corporation, Srinagar for demanding and accepting bribe of Rs.1.05 lakh from from a complainant for issuance of no objection certificate, a spokesman of the Bureau said.
He said that ACB received a complaint from a complainant resident of Suthrashahi, Srinagar saying therein that he owns an industrial unit at Khunmoh, Srinagar and for its expansion had requested for financial support/assistance from the J&K Bank Khunmoh.
“The bank sought NOC from SIDCO (Jammu & Kashmir State Industrial Development Corporation), Sanat Ghar, Bemina, Srinagar,” the complainant said, adding, accordingly he prepared file and completed all paper work and approached SIDCO office Bemina.
“State Manager Fayaz Ahmad Khan demanded Rs 5,000 for himself and Rs 1 lakh for General Manager (K) Khursheed Ahmad for issuance of the required NOC,” alleged the complainant.
The complainant approached ACB with request for necessary legal action and an FIR No 23/2022 was registered at PS ACB Srinagar under section 7 of the PC Act 1988 & section 120-B of the Indian Penal Code and investigations were started, the spokesman said.
“A trap team was constituted. The team caught Fayaz Ahmad Khan, State Manager SIDCO Sanat Ghar, Bemina, Srinagar red-handed while demanding and accepting bribe Rs 1.05 lakh from the complainant. He was arrested and bribe money was also recovered from his possession in presence of independent witnesses,” said the spokesman.
