PDD employees accused of embezzling crores get bail

PDD employees accused of embezzling crores get bail
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Srinagar: A trial court here granted bail to two Power Development Department (PDD) employees accused of fraudulently withdrawing crores of rupees from the public exchequer.
The court of Anti-Corruption Srinagar granted interim bail till August 14 to Mushtaq Ahmad Malik, resident of Argam Bandipora, a Senior Assistant in the office of Executive Engineer, Electric Division Sumbal and Riyaz Ahmad Wani resident of Safapora, a Junior Assistant in the Electric Division Sumbal, against bail bonds of Rs one lakh wit two sureties each.
The two have, however, been directed to report to investigating officer daily and not leave the jurisdiction of court without permission.
The two were arrested by Crime Branch last month on allegations on swindling crores of the rupees from the public exchequer. A case under offences 420 RPC and r/w 5(2) PC Act has been registered.
While Mushtaq is accused of swindling crores of rupees and transferring the amount to bank accounts of his wife and relatives, the Crime Branch, according to case diary, have seized transfer records of Rs 63 lakh, and 85 lakh into two of his accounts; Riyaz has been found to credit Rs 14 lakh, and Rs 10 lakh into accounts of his wife and another person.
The prosecution objected to the bail application on the ground that any concession at this stage would hamper the investigation as huge amounts have been recovered since the detention of the accused and their custody shall be helpful in concluding the investigation in the case.
The defence counsel Mushtaq Ahmad Dar, however, argued that the big fishes actually involved in the case were roaming while the two belonging to the clerical cadre have been implicated in the case “who in fact has not done any act as alleged in the police report”.
The court said that there investigation against the accused was complete and there were no apprehensions of them absconding the trial or tampering with the witness.