Search operations are underway at various properties linked to the accused, with financial records being examined. Strict action would follow if further evidence corroborates the corruption charges.SSP ACB Waheed Ahmad Shah
SRINAGAR, JANUARY,10 :
ACB, conducted a secret verification into the allegation that Sajid Yousuf Bhat, Chief Financial Officer (CFO) & Zahoor Ahmad Dar, Executive Engineer both presently posted in Srinagar Smart City Limited have accumulated assets disproportionate to their lawful known source of income & suspects are also living lavish & luxurious lifestyle.
ACB issued Statement to SNS KASHMIR .witch reads that ACB conducted a secret verification into the allegation that Sajid Yousuf Bhat, Chief Financial Officer (CFO) & Zahoor Ahmad Dar, Executive Engineer both presently posted in Srinagar Smart City Limited have accumulated assets disproportionate to their lawful known source of income & suspects are also living lavish & luxurious lifestyle.
2.Sajid Yousuf Bhat owns a commercial property at Rambagh Srinagar having actual price significantly much higher than the value of sale deed paid by suspect, besides multiple bank accounts with suspicious transaction.
- In this way, public servant namely Sajid Yousuf Bhat S/o Mohammad Yousuf Bhat R/o Namblabal Pampore, A/p Doulatabad Khanyar Srinagar, presently posted as Chief Financial Officer (CFO), Srinagar Smart City Limited, has enriched himself illicitly by indulging in corrupt practices which attract commission of offence under section 13(1) (b) r/w 13(2) of Prevention of Corruption Act 1988 for possession of assets disproportionate to his known sources of lawful income. Accordingly, case FIR No. 01/2025 has been registered in Police Station ACB Srinagar.
- Zahoor Ahmad Dar owns lavish multi-storied house at Lane N0. 5, Galibabad, Shalteng Srinagar, one Sedan car, suspicious bank transactions in personal accounts & accounts of his spouse, acquisition of Benami properties & huge assets in form of FDRs.
- In this way, the public servant namely Zahoor Ahmad Dar, S/o Ab. Razak Dar R/o Takinwaripora Srinagar A/p Galibabad Lane No. 5 Shalteng, Srinagar, presently posted as Executive Engineer, Srinagar Smart City Limited, has enriched himself illicitly by indulging in corrupt practices which prima-facie attract commission of offence under section 13(1)(b) r/w 13(2) Prevention of Corruption Act, 1988 for possession of assets which are prima-facie disproportionate to his known sources of lawful income. Accordingly, case FIR N0. 02/2025 has been registered in Police Station ACB Srinagar.
- Search warrants were obtained from the Hon’ble Court of law and searches are underway at different locations associated with these cases and investigation is in progress.
In this connection Senior Superintendent of Police (SSP) ACB Waheed Ahmad Shah, in a press conference held in Jammu and virtually in Srinagar, confirmed the probe against Executive Engineer Zahoor Ahmed Dar and Chief Financial Officer Sajid Yousuf Bhat. Multiple complaints had flagged their extravagant lifestyles, raising suspicion about their sources of income.
According to officials, Bhat allegedly owns a commercial property in Ram Bagh, Srinagar, with a significantly higher market value than what was officially recorded.
Investigators also found multiple bank accounts linked to him, with suspicious transactions hinting at financial misconduct.
Dar, on the other hand, was found to own a multi-storey house in Ghalib Abad, Shalteng, and a luxury sedan. Authorities are also scrutinizing large sums in fixed deposits allegedly linked to him.
SSP Shah stated that search operations are underway at various properties linked to the accused, with financial records being examined. He assured that strict action would follow if further evidence corroborates the corruption charges.