Jammu (Jammu and Kashmir): In a landmark judgement, the Jammu and Kashmir High Court on Friday declared the controversial Roshni Act "unconstitutional" and directed that investigation into the Rs 25,000 crore land allotment scheme under it be transferred to the Central Bureau of Investigation (CBI).
A division bench of Chief Justice Gita Mittal and Justice Rajesh Bindal allowed a petition that sought transfer of the Rs 25,000 land allotment scam under the Roshni Act from the Anti-Corruption Bureau (ACB) to the CBI.
Also read: Man in UP beheads wife and carries head to police station
The act, enacted by the state legislature in November 2001 and enforced in March 2002, envisaged raising funds for hydropower generation in the state by transferring state land into private ownership to collect Rs 25,000 crore.
A CAG report estimated that against the targeted Rs 25,000 crore, only Rs 76 crore had been realised from the transfer of land into private ownership.