CBI gets 3 months to complete investigation into JKCA scam

The Jammu and Kashmir High Court today granted the CBI three months to complete investigation into the multi-crore Jammu and Kashmir Cricket Association (JKCA) scam.
The investigation conducted by the CBI so far has revealed that the BCCI had transferred a whopping Rs 1,12,33,04,618 crore to the JKCA between April 2002 and December 31, 2011.
Citing “lack of credibility” in the state investigation agency — SIT — and “serious allegations” against “beneficiaries”, including the “influential and mighty”, as some of the reasons, the J&K High Court had on September 3, 2015, handed over the investigation of the case to the CBI, directing it to complete it within six months.
In an application for grant of more time, which came up for hearing before a division bench of the High Court comprising Justice Muzaffar Hussain Attar and Justice BS walia today, the CBI Investigating Officer (IO) submitted that “vital evidence collected so for is to be co-related/connected with further examination of so many witnesses and documents”.
“It may take further six months to complete the investigation of this case,” the IO submitted before the court, adding that the “investigation of the case is spread over different parts of the country”.
The IO further submitted that “since the money has been utilised/siphoned off through a large number of bank accounts, preparation of money flow chart is taking too much time”.
After hearing the counsel for the CBI and the petitioner, the High Court today granted the CBI three months to conclude its investigation into the multi-crore cricket scam.
The CBI, in its application before the HC, revealed that the BCCI had transferred Rs 1,12,33,04,618 crore to the JKCA between April 2002 and December 31, 2011.