The case has been registered against Verinag Development Authority's the then chief executive officer Nazir Ahmad, the then executive engineers Rashid Lone and Roomy Raina, and three other officials, a SVO spokesman said.
He said after the case was registered, searches of the residential and office premises of accused were conducted at Srinagar, Verinag and Budgam.
"During the searches incriminating evidence and documents with regard to movable and immovable properties were recovered and these are under scrutiny," the spokesman said.
The spokesman said Ahmad and the other officials have been accused of fraudulently preparing a liability worth Rs 28 crore without doing any work on ground.
"During verification conducted by the SVO, it was revealed that the Ahmad and Lone, and other officials have violated rules and accorded approvals against the detailed project report (DPR) of Greater Verinag, mostly in favour of a person.
"The verification further revealed that the accused have also extended undue benefit to people for allotment of projects against DPR Sarbal Lake in violation of procedure, besides rates allotted were exorbitant which resulted in huge loss to the state exchequer," the spokesman said.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
