CBI registers case against an IRS officer for posessing disproportionate assets

New Delhi, July 14

The Central Bureau of Investigation has registered a case against an Accountant Member (IRS officer), Income Tax Appellate Tribunal at Visakhapatnam on the allegations of possessing disproportionate assets. 

The CBI stated that as per the complaint against him, it was alleged that he had acquired assets to the tune of Rs.3,51,58,882/- (approx) which were disproportionate to his known sources of income. 

It was further alleged that during the period between April 2008 and October 2018, the accused acquired immovable & movable assets, amounting to Rs.4,71,82,689 (approx) in his name and in the names of his family members.

The CBI conducted searches at the office and residential premises of the accused and his relatives at Visakhapatnam & Hyderabad which led to recovery of Rs.4.42 lakh (approx) and certain incriminating documents. 

A sum of Rs.3.70 lakh (approx) was also recovered during searches from other person, officials said.