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Farooq rejects involvement in JKCA scam

Online Desk by Online Desk
March 12, 2012
in Kashmir
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Srinagar: Stating he was open to any scrutiny for his conduct as President of the Jammu and Kashmir Cricket Association (JKCA), Union Minister Farooq Abdullah Monday rejected his involvement in the alleged multi-crore scam in the association. 

In a statement issued here from New Delhi, Dr. Farooq Abdullah, President JCA, while reacting to reports that he authorized a loan to Ahsan Ahmad Mirza, the then treasurer of the Association clarified that when the accounts of the association were sealed by the High Court and no money was available to run the day to day affairs of the Association, Mirza advanced interest free loans from time to time for running of the affairs from his own personal funds which had accumulated to Rs. 1.90 crores.
On June 28, 2008, the JKCA unanimously resolved that the interest free loan of rupees One Crore Ninety Lacs only raised by the JKCA from Ahsan Ahmad Mirza has to be repaid, he said. As such it was unanimously resolved by JKCA that J&K Bank branch Khanyar be authorized to raise a loan of an amount of Rs. 1.90 crores against two cash certificates of JKCA with the J&K Bank Air Cargo Branch bearing No. 2587618 and 2587619 amounting to Rs, 1,07,39416 each. It was further resolved that the amount of Rs. 1.90 crores so raised be transferred to Account No. 90605 of Ahsan Ahmad Mirza to liquidate the loan amount Mirzahad forwarded to the Association from time to time, he said.
The Association further resolved that the loan so raised will be liquidated by the Association.
Dr. Abdullah said it was clear that he did not authorize any loan in his individual capacity and the loan raised was on the basis of a unanimous resolution of the JKCA passed by the JKCA Governing Body and the same was done to square up the borrowings of JKCA which is all properly documented.
He further said that so far as the happenings after 2008 are concerned, the JKCA has already lodged an FIR and the J&K Police which has seized the documents will conduct a detailed investigation and the law shall take its own course. He said whosoever is found guilty will have to face the consequences as per law.
He said that by making preferred leaks to the media and not putting all the facts in the public domain certain forces were trying to make an unsuccessful attempt to tarnish his image for political mileage ‘knowing well that I am absolutely clean.’
Farooq said he is open to any scrutiny for his conduct as President of the JKCA.
Farooq said that he has also requested the BCCI to depute its auditors who can sit with the auditors of the JKCA and conduct a joint audit of the accounts to know the facts. Dr. Abdullah said that JKCA was infact the whistle blower in the case when certain facts were brought to his notice and this tirade against him was baseless and frivolous.(KMW NEWS)

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Kashmir Media Watch (launched on 12 March, 2010), a pioneer among news portals in J&K, owes its origin to the idea that an unbiased, impartial and objective reporting on Kashmir is posted out to readers worldwide who want to remain updated on what is happening in Kashmir.
Contact us: kashmirmediawatch2010@gmail.com

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