ACB registered Disproportionate Case against Rattan Lal Tikoo, Ex MD SICOP: Searches Conducted: Assets worth Crores detected

On the basis of a written complaint a verification was initiated by ACB to look into the allegations of accumulation of huge assets by Rattan Lal Tickoo S/o Shambu Nath Tickoo R/o House No. 142 Lower Laxmi Nagar Sarwal Jammu then Managing Director of SICOP disproportionate to his known sources of income. As per details surfaced during verification Shri Tickoo has invested proceeds of ill gotten money in immovable/movable properties by indulging in corrupt and illegal practices raised over a period of time during his service tenure.
2. The details of some of the immovable/movable properties raised by the suspect officer in his own name and in the name of his family members which came to fore during verification proceedings are detailed as under:-
1. A house at Indira Nagar (Mouza Sonwar) Srinagar purchased in the name of his wife;
2. One Flat No. A-503 at Tawi Apartments, Sidhra Jammu;
3. One Flat No. B-205 at Royal Palms Apartments Akhnoor Road Jammu;
4. A Plot/land measuring 2 Kanals at Bhalwal Jammu in the name of his daughter;
5. Three Industrial Units i.e. M/s A.C.E Steel Fabrications Jammu, M/s Dayal Fabrications Birpur Bari Brahmana and M/s S.T Steel, IGC, Phase-I, Samba in the name of his daughter;
6. A Maruti Car 800 bearing Registration No. JK02AE-7017 in the name of his wife, two Trucks bearing Registration No. JK02AU-9287, Registration No. JK02AV-0887 and one Scooty bearing Registration No. JK02BE-6391 in the name of his daughter;
7. Deposits in his Bank accounts besides huge investment in Insurance Policies;
8. Huge expenditure on MBBS and MD (Pathology) Degree of his daughter;

3. Thus in consequence of his indulgement in corrupt and illegal practices and having taken advantages of his lucrative posting in SICOP, the accused R.L Tickoo had acquired huge assets, both movable and immovable by investing proceeds of his ill gotten money in such properties. The accumulation of above referred properties/assets have been raised by the suspect officer either in his own name or in the name of his family members by abuse and misuse of his official position as a public servant which amounts to criminal misconduct as defined U/S 13(1)(b) PC Act 1988 punishable U/S 13(2) of the Act. Consequently, case FIR No.28/2019 was registered against Rattan Lal Tickoo S/o Shambu Nath Tickoo R/o House No. 142 Lower Laxmi Nagar Sarwal Jammu in P/S ACB Jammu and the investigation entrusted to DySP Devinder Singh of P/S ACB Jammu.

4. Pursuant to registration of case, searches were conducted in Jammu at many places and during search additional properties were discovered. In addition to the assets, incriminating documents relating to investment were also recovered.

5. Investigation of case is going on.

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