Srinagar, April 11 -- A case has been registered under the Prevention of Corruption Act and criminal conspiracy in Jammu, an ACB spokesperson said. "Others named in the case include Sewa Ram, then in-charge of the Accounts Section, and Bharat Bhushan, another former MD of the corporation," he added.

According to the ACB, the case was registered following a verification which revealed that Sharma, who retired on June 30, 2006, had obtained a total loan of Rs 23 lakh from the corporation allegedly without due approval, mortgage, or supplementary documentation, thereby "misusing" his official position.

The probe also found that the corporation's board of directors had approved a pension benefit plan for Sharma in March 2006, which involved...