Over Rs 3 crore in cash have been recovered from an IAS couple in Bhopal following raids by the Income Tax Department officials at their residence on Thursday night. Officials also seized details of bank deposits worth Rs 2.25 crore from the house of Arvind Joshi, a senior IAS officer and his wife Tinu Joshi, who is the secretary of Woman and Child Welfare Development in the Madhya Pradesh government.
“Stacks of banknotes were recovered in a suitcase. The action comes on the basis of documents found during a similar exercise in 2009 of heavy investments made in an insurance company by these officials,” said Director General of Investigations (I-T) for Madhya Pradesh and Chhattisgarh, Brajesh Gupta.
Sources say Joshi confessed all the money is from unaccounted sources .
There were also simultaneous raids at the houses of retired Bhopal Municipal Corporation commissioner MA Khan and senior Chhattisgarh cadre IAS officer BL Agarwal in Raipur from where bank accounts worth Rs 30 crore were frozen.
The residence of Road and Bridge development engineer RD Chaudhary, Superintending Engineer in PWD Deepak Asai, his wife Jyoti Asai, businessmen Sunil Agrawal and Pawan Agrawal dealing in fertilisers besides ICICI bank manager Seema Jaiswal and bank agent Bharti Bhasne were also raided.
Income Tax department is collecting details of accounts of concerned persons and their lockers are being searched. Documents relating to investment have been seized.
More than 13 places across Madhya Pradesh and Chattishgarh have been raided so far following information from the Financial Intelligence Unit (FIU) that benami (proxy) investments worth crores of rupees have been made in various financial institutions.