CBI REGISTERS A CASE AGAINST A MINISTER OF DELHI GOVERNMENT & OTHERS FOR POSSESSION OF ALLEGED DISPROPORTIONATE ASSETS AND CONDUCTS SEARCHES

Press Release
New Delhi, 25.08.2017

The Central Bureau of Investigation has registered a case U/s 13 (2) r/w 13 (1) (e) of the P.C. Act, 1988 and 109 of IPC against Minister of Delhi Government; his wife and his four associates. It has been alleged that the said Minister of Delhi Government while functioning as a Public Servant has amassed assets disproportionate to his known sources of income to the extent of Rs.1.62 crore(approx) during the period of 14.2.2015 to 31.5.2017. His wife and associates have allegedly abetted the commission of said offence.

Searches are being conducted today at 4 places including at residential & the company office premises of the accused persons based at Delhi. So far, this has led to recovery of certain incriminating documents.

CBI had earlier registered a Preliminary Enquiry in April, 2017 against the said Minister. During enquiry, it was found that the Minister being a Public Servant in the Government of Delhi and his associates were allegedly involved in money laundering to the tune of Rs.4.63 crore (approx) during the year 2015-16 through shell companies based at Delhi. This apart, before becoming public servant, he was allegedly involved in laundering of Rs 11.78 crore (approx) during the years 2010-2012 through the above said companies as well as other company also based at New Delhi.

It was also alleged that the Minister had control over these companies either in the form of being one of the Directors of these companies and by holding 1/3rd of shares of these companies in his name or in the names of his family members/others. Although, he had resigned from Directorship of the 3 companies in the year 2013 before contesting election, however, his investments in these companies were allegedly continued. It was further alleged that the said companies did not have any business & were shell companies and were utilized for parking money in the form of investments in equity shares in connivance with Kolkata based shell companies.

Further investigation is continuing.

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