CBI FILES CHARGESHEET AGAINST THEN ADDITIONAL COMMISSIONER OF CENTRAL EXCISE IN A DISPROPORTIONATE ASSETS CASE

The Central Bureau of Investigation has filed a chargesheet against then Additional Commissioner, Central Excise, Vadodara (Gujarat) for possessing alleged disproportionate assets to the tune of 488.25% (approx) U/s 109, 120-B, 419, 420, 465, 471 of IPC and Sec. 13 (2) r/3, 13 (1) (e) of PC Act, 1988. His wife has also been named in the chargesheeted.

The investigation revealed that then Additional Commissioner (1989 Batch Officer of Customs and Central Excise) had acquired assets worth Rs. 2.9 Crore (approx) during the Check Period from 01.01.2005 to 04.10.2013 against an Income of Rs. 54.76 lakh (approx) and Expenditure of Rs. 33.45 lakh (approx). He and his wife were allegedly holding two Pan-Cards each. The accused had also opened bank account in the name of his Late father and the same was used for benami investments in Mutual Funds. All the assets were acquired as investment in Shares and Mutual Funds only. It was also alleged that after registration of the case, the public servant had proceeded on leave in the end of January, 2014 and made last application for extension of leave on 04.06.2014. Suddenly, in 2015 a Death Certificate in his name was allegedly received by his department which was purported to be issued on 12th January, 2015 from Arrah, Bihar showing his date of death as 08.05.2014. However, during investigation this Death Certificate has been found to be fake.

The public is reminded that the above findings are based on the investigation done by CBI and evidence collected by it. Under the Indian Law, the accused are presumed to be innocent till their guilt is finally established after a fair trial.

CBI Press Release- New Delhi , 26.02.2016

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