SVC summons MD JAKFED in connection with embezzlement

Slamming J&K Cooperative Supply and Marketing Federation Limited (JAKFED) for "non-compliance", State Vigilance Commission has directed personal appearance of MD JAKFED before the commission in a case of embezzlement of government money by alleged falsifying of records of account books, official said.
SVC has directed personal appearance of Managing Director JAKFED before the commission on the next date of hearing in a case of embezzlement and misappropriation of government money by alleged falsifying of records and wrong entries in account books, SVC officer said.
Earlier, the SVC had called for a response from the MD JAKFED while proceeding on the complaint against its management regarding embezzlement running into crores and other misdeeds, he added.

Despite numerous reminders, the MD JAKFED neither submitted the factual report nor did he bother to appear personally as was ordered by the Commission.
Instead, counsel for JAKFED sought adjournments of the case a number of times on one or the other pretext, thereby trying to block the proceedings against those responsible for causing huge loss to the State Exchequer, officer said.
The Commission while taking serious note of such a lackadaisical approach adopted by the MD in this significant matter, inter-alia observed that these circumstances prima-facie reveal that MD JAKFED is interested in shielding corrupt officials, he said.
The Commission has directed the said MD to appear before the Commission on the next date of hearing along with the requisite report, failing which necessary action will be initiated under law against him besides, departmental action, he added.