CBI uncovers documents of bank accounts, FDs at premises of ex-WAPCOS chief

CBI uncovers documents of bank accounts, FDs at premises of ex-WAPCOS chief

Last Updated on May 11, 2023, 5:13 pm by News Desk

New Delhi, May 11: The CBI has unearthed documents pertaining to 90 bank and fixed deposit accounts from the premises of former WAPCOS CMD RK Gupta, who was arrested after more than Rs 38.70 crore cash was found from his properties, officials said.

They said the value of the fixed deposits is around Rs 5.5 crore and details of the other accounts are being investigated.

The scrutiny of the staggering wealth and property documents recovered from Gupta’s premises is continuing at the Central Bureau of Investigation.

The exercise has so far brought to light documents of at least 15 properties, including a farmhouse, which are pegged at approximately Rs 12 crore as per current market value, the officials said.

Three high-end luxury cars, jewellery and 17 gold coins and bars worth crores were also found by the agency during its searches, they said.

The CBI officials had conducted the searches on May 2 in connection with a Rs 7.91 crore disproportionate assets case during which they found bundles of Rs 2,000 and Rs 500 currency notes neatly stacked in suitcases kept in almirahs and bedrooms of Gupta’s residences.

The agency arrested Gupta, former chairman and managing director of WAPCOS, and his son Gaurav after it recovered more than Rs 38.70 crore cash from their premises, making it the biggest seizure of cash by the agency in its history.

The agency teams found the bulk of the cash from Gupta’s three properties, Rs 13 crore each from homes in Pitampura and Gurugram while Rs 11 crore was found at son Gaurav Singal’s residence in Chandigarh, the officials said.

Singal works at a leading car manufacturing company while Gupta headed WAPCOS from 2010-20, they said.

WAPCOS, previously known as Water and Power Consultancy Services (India) Limited, is a central public sector enterprise wholly owned by the government and is under the administrative control of the Ministry of Jal Shakti.

The CBI had registered the FIR against Gupta, his wife Reema Singal, son Gaurav, and daughter-in-law Komal Singal for allegedly amassing illicit wealth to the tune of Rs 7.91 crore during Gupta’s tenure as CMD from April 1, 2011 to March 31, 2019, the officials said. (SOURCE: PTI)

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