I-T raids on top IAS officers uncover crores in ill-gotten wealth

06 Feb 2010

1

An Indian Administrative Services (IAS) officer in Chhattisgarh has been found to have 220 bank accounts and assets worth millions of rupees. This has come to light following an income tax department raid at his residence, official sources reported today.

The I-T department conducted raids on the houses of some IAS officers and businessmen in Chhattisgarh and Madhya Pradesh in the last two days.

The BJP government in Chattisgarh is awaiting a final report from the I-T department about the officer, agricultural secretary, B L Agrawal's assets to initiate action against him.

On Thursday, I-T officials searched the residence of Agrawal as also business establishments of his close relatives and followed the action up with similar raids on his chartered accountant Sunil Agrawal's house. They came across documents suggesting that the officer had amassed assets vastly disproportionate to his known income.

Agrawal opened at least 220 bank accounts, several of them bearing fake names and addresses and a few in the names of his menials.

According to IT department sources, the documents were being analysed and some documents suggest the officer might have been involved in hawala transactions.

Business History Videos

History of hovercraft Part 3 | Industry study | Business History

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2 | Industry study | Business History

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1 | Industry study | Business History

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | Industry study | Business History

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more
View details about the software product Informachine News Trackers