Raids on IRS officer, crores in cash and property unearthed
| Wednesday, December 23, 2015 - 08:29
New Delhi: The CBI raided seven locations - official and residential - of an IRS officer accused of corruption, and recovered Rs.20 crore cash, records of investment of another Rs.20 crore and details of other property, an official said on Tuesday.
The agency had registered a case against the IRS officer, presently a financial advisor and chief accounts officer at the Employees Provident Fund Organization (EPFO) here, for allegedly accumulating assets in his name which are disproportionate to his known sources of income.
Indian Revenue Service (IRS) officer Sanjay Kumar, his wife Smita Soni, some unidentified persons and two other firms based in Mumbai and New Delhi have been booked by the Central Bureau of Investigation (CBI) in the case.
"It was alleged that the officer of EPFO had accumulated assets in his name and in the names of his family members which are disproportionate to his known sources of income," said a CBI official.
The IRS officer's wife had allegedly abetted him in the offence by investing the money through the said firms.
The agency conducted searches at seven locations in New Delhi, Mumbai and Patna.
"The searches were carried out at the official and residential premises of the IRS officer and others which led to the recovery of Rs.20 crore cash, incriminating documents relating to investments worth Rs.20 crore, properties, fixed deposits and others," the official said.