Income Tax department begins probe in promotion scam

August 22, 2017
Virendrasingh Ghunawat-India Today

A parallel probe has begun by the I-T department in coordination with all central agencies, both in Maharashtra and Delhi, to trace the roots of this case.

Vikas Rasal could be the tip of an iceberg and small victim in a big illegal syndicate working between the states and the Centre to promote a non-revenue cadre officer to an IAS officer. The Income Tax (I-T) department has begun an investigation to get into the roots of this scam and expose it completely.
In July, the air intelligence unit (AIU) of Customs Department and I-T officials apprehended Rasal, the Chief Executive Officer (CEO) of the Mumbai Metropolitan Region Iron and Steel Market Committee, at the airport. He was intercepted with nearly Rs 50-65 lakh undisclosed cash in his backpack while arriving from Delhi to Mumbai.
The investigation has revealed that Rasal possess disproportionate assets (DA) in crores, including few benami investments. Of late, the Anti-corruption Bureau (ACB) registered a DA case against Rasal for allegedly amassing Rs 15 crore - 208 per cent more than his known sources of income.
Top income tax official told IndiaToday.in, "Soon chargesheet is likely to be filed against Rasal and action would be taken under the Benami Transactions (Prohibition) Amendment Act, 2016. It would be the first such action against a serving government official under the Act. The action includes, confiscation of all his properties."
But that's' not all. A parallel probe has begun by the I-T department in coordination with all central agencies, both in Maharashtra and Delhi, to trace the roots of this case.
"It is too early to talk about or share details on this case, as enquiry is still going on. But the department suspect a promotion or empanelment scam is quite active between states and Delhi," the official said.
The preliminary investigation report has been shared with the Central Board of Direct Taxes (CBDT), Finance Ministry, Ministry of Personnel and few agencies. "Probe is on from all angles. In fact, some agents and officials are under the scanner," the official said.
Why Rasal visited Delhi?
Vikas Rasal, a state civil officer was returning from Delhi with "undisclosed cash" in his baggage. I-T sources said he was among ten shortlisted candidates from various states for an interview session in Delhi to become an IAS officer. Out of these candidates, two got selected but Rasal was not one of them.
Investigative agencies at both central and states are working discreetly, to draw a line between many dots.
Reference:-


Comments

Post a Comment

Popular posts from this blog

India Joins Russia in Voting Against West-Backed Move to Expand Powers of OPCW

The Wire: June 28, 2018 New Delhi: India voted against a UK-backed move that will allow the global chemical weapons watchdog to apportion blame for illegal attacks, criticising the decision to grant “unchecked powers” to the head of the group which could be used for “partisan” purposes. On Wednesday, more than two-thirds of the member states of the Organisation for the Prohibition of Chemical Weapons (OPCW) voted to authorise the international body to identify the perpetrators and sponsors of a chemical weapons attack. It also specifically called on the OPCW’s technical secretariat to begin work on identifying the perpetrators behind the use of chemical weapons in Syria. The draft decision, sponsored by 30 countries, was adopted at the fourth special session of the conference of the states parties to the Chemical Weapons Convention at the Hague, with 82 in favour and 24 negative votes. While Europe, the United States and their allies voted ‘yes’, there was strong oppo...
Read more

As financial insecurity rises in urban India, so does investment in insurance

Image
Scroll.in March 13, 2020 Urban Indians are becoming less confident about their financial security. Up to 58% of them fret over financial independence post retirement, which is a 4% increase from last year. An equal share of urban Indians worry about meeting their daily medical expenses and sustaining their current lifestyle once they stop working. The findings are part of a survey published by Delhi-based Max Life Insurance in association with London-based consultancy Kantar. The firms surveyed 7,014 respondents in 25 cities, including six metros, nine tier-1 cities, and 10 tier-2 cities, between December 2019 and January 2020. Source: Max Life Insurance via Quartz The trends Source: Max Life Insurance via Quartz Source: Max Life Insurance via Quartz Source: Max Life Insurance via Quartz A significant share of urban Indians also say their families will have no financial support in the event of the breadwinner’s death. In such a scenario, around 57% believe the family sav...
Read more

ED tracks Swiss Bank A/Cs of Agusta scamster

The Poineer February 10,2019 Rakesh K Singh The Enforcement Directorate (ED) has tracked a dozen Swiss bank accounts in the name of Rajiv Saxena, who is key accused in the Rs 3,600 crore AgustaWestland VVIP chopper scam. The ED has also found out accounts held by  his family members and associates where the kickbacks in the now scrapped deal were allegedly parked. Two bank accounts are in the name of Rajiv Saxena’s  associates Pankaj Jain and Sumita Jain who are also the authorised signatories. The  third is in the name of another associate Ajit Singh Bubber, but Rajiv and his family members are authorised signatories. The remaining nine accounts are largely owned and operated by Rajiv, his family members and associates. Rajiv Saxena was deported by the UAE authorities on January 30 and the ED formally arrested him the next day and a court later granted his remand to the agency. He is currently undergoing custodial interrogation by the ED. The agency had in 2017...
Read more