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CBI files chargesheet against Yadav Singh, family in DA case

CBI files chargesheet against Yadav Singh, family in DA case
NEW DELHI: The CBI has filed a chargesheet against former Chief Engineer of Noida Authority Yadav Singh and his family members in connection with a disproportinate assets (DA) case, the investigative agency said on Tuesday. The chargesheet was filed against Singh, his wife Kusum Lata, daughters Garima Bhushan and Karuna Singh, son Sunny Yadav and daughter-in-law Shreshtha Singh in a special court in Ghaziabad, a Central Bureau of Investigation (CBI) official said.
Besides Yadav Singh and his family members, a chartered accountant Mohan Lal Rathi has also been booked in the case. The CBI has in its chargesheet also named three companies and a trust.
The CBI official said assets worth Rs 23 crore were 512 per cent over and above his known sources of income and acquired allegedly between April 2004 and August 2015
Investigation also revealed that then Chief Engineer and his family allegedly incorporated three private limited companies, three proprietary firms and one charitable trust to convert the black money into white. Income shown in these companies, firms were allegedly found to be managed through accommodation entries after providing equivalent amount of cash through batteries of CAs in various manners, like money routed showing as unsecured loan, share application money, selling of shares at premium.
CBI had registered a case on 30 July 2015 under sections 109 of IPC against then Chief Engineer, NOIDA, Greater Noida Authority (UP); his family members and his business associates in compliance of orders of Hon'ble High Court of Allahabad, on the allegations of acquiring huge assets which were disproportionate to his known sources of income.
During the searches in 2015, it was found that then Chief Engineer was allegedly having three immovable properties; his wife having 19 immovable properties and son having 3 immovable properties. It was also revealed that jewelllery worth Rs. 1.04 crore(approx) was allegedly purchased during the check period by the family of then Chief Engineer.
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