The Central Bureau of Investigation (CBI) on Wednesday arrested former Chairman and Managing Director (CMD) of public sector enterprise WAPCOS Limited, RK Gupta, his spouse Reema Single, son Gaurav in a case associated to possessing alleged Disproportionate Assets and recovered cash of Rs 38.38 crore roughly to date throughout searches.
It is alleged that through the interval from April 1, 2011, to March 31, 2019, the accused created extra property than earnings, the supply of which isn’t with the accused.
It can be alleged that after retirement, the accused began a non-public consultancy in the title of a non-public firm in Delhi, and purchased flats and business properties in Delhi, Gurugram, (*38*), Sonepat, Chandigarh with this cash.
In the wake of raids at 19 areas throughout Delhi, Gurgaon, Chandigarh, Sonepat, and Ghaziabad on the premises of the denounced, CBI has likewise recuperated Rs 38.8 crore, a big amount of jewelry, some invaluable objects, and different incriminating paperwork.
Gupta was booked lately for amassing assets disproportionate to his identified sources of earnings.
After registering the FIR towards Gupta and his members of the family, Central Bureau of Investigation (CBI) groups performed searches at his premises on Tuesday the place Rs 20 crore in cash was seized in addition to paperwork associated to properties and different valuables, officers stated.
The FIR named members of the family Reema Singal (spouse), Gaurav Singal (son) and Komal Singal (daughter-in-law).
WAPCOS, previously generally known as Water and Power Consultancy Services (India) Limited, is a central public sector group managed by the Union Ministry of Jal Shakti and owned solely by the federal government.
