Dehradun: The Uttarakhand High Court vacated the stay on the arrest of former Uttarakhand Jal Vidyut Nigam (UJVN) Chairman Yogendra Prasad, who is facing corruption charges.

Justice P C Pant vacated the stay on the arrest of Prasad after prosecution alleged that he was not cooperating in the investigations.

Several cases have been registered against him for misusing his position in releasing the payment worth crores to various companies without verification. Prasad, a former NHPC chairman, was appointed as an advisor to the Uttarakhand government in January 2006. Later on, he took over as Chairman of UJVN which is a state government agency for power generation, in 2007.

In 2010, he was removed from the post as the government said he had already attained 65 years, the age limit fixed for heading a corporation in the hill state.

As the allegations of corruption against Prasad came into light, the government handed over the inquiry to the vigilance department which registered several cases against him for misusing his position in releasing the payment worth crores of rupees to various companies without verification of work entrusted to them.  The inquiries also revealed that Prasad allegedly benefited a consultancy firm, owned by one of his kin.

(Agencies)