More skeletons out of the CLB Lockers - CBI recovers nearly a Crore

By Vijay Kumar

IN recent searches at the residence at Chennai of Member, Company Law Board, following cash, jewellery & FDRs have been recovered :-

i. In the three lockers cash of Rs. 40 lakhs, 30.42 lakhs & 14.16 lakhs have been recovered. In addition, cash of Rs. 75, 000/- was also recovered from his residence. The fourth locker is yet to be opened.

ii. 450 gram gold jewellery and 10-12 Kgs silver jewellery have been recovered so far. The estimated cost of jewellery comes to Rs. 6-7 lakhs.

iii. The FDRs worth Rs. 6.9 lakhs have been recovered. In addition, 12 passbooks either in his name or in the name of his family members have been recovered. The balances in these bank accounts are yet to be ascertained.

Member, Company Law Board was arrested for demanding & accepting bribe on 23.11.2009. A cash of Rs. 55 lakhs including seven lakhs bribe amount was recovered during searches after trap from his residence at Delhi.