A case of disproportionate assets worth Rs 6.40 crore has been registered by CBI against an IRS officer posted as chief accounts officer at Employees' Provident Fund Organisation (EPFO). Among the accused is also his wife.
CBI sources said a case has been registered against 1991-batch IRS officer Sanjay Kumar — a commissioner rank officer — and his wife besides two firms owned by her. It is alleged that Kumar, financial advisor and chief administrative officer at EPFO in Delhi, and his wife have amassed Rs 6.40 crore worth of disproportionate assets during 2006-15, the sources claimed.
CBI claimed searches have been carried out at seven locations in three cities — three each in Delhi and Mumbai and one in Patna.
The searches revealed a string of properties and wealth accumulated by the officer. CBI sleuths recovered documents pertaining to properties in Bengaluru, Delhi (South Extension), Navi Mumbai and Mumbai (Andheri). The registered value of these properties was Rs 19 crore, but sources said the market value could be much higher.
The CBI team also found Rs 74 lakh stashed in his bank accounts apart from 1 kg gold ornaments recovered from his home. "His wife threw the keys to the lockers in the house out as soon as the CBI team arrived there. We had to find and recover the key to open the lockers that had property documents and gold," a CBI officer said.
Most of this wealth was created in the past couple of years, said sources. "Despite being an IRS official he has not even been filing his returns," a CBI officer said.
The agency has found that the officer was operating through a chartered accountant who has also been questioned. CBI has found that the CA was holding accounts of some other officials as well who are now under scanner.
"It was alleged that the said officer of EPFO had accumulated assets in his name and in the name of his family members which are disproportionate to his known sources of income. It was further alleged that his wife abetted him in the offence by investing the money through the said firms," CBI Spokesperson said.