Former Chairman of Appellate Tribunal for Foreign Exchange booked by CBI
THE Central Bureau of Investigation has registered a case against former Chairperson, Appellate Tribunal for Foreign Exchange, New Delhi for possession of assets disproportionate to his known sources of income to the tune of about Rs.60,00,000/- as against income of about Rs. 25,00,000/-.
Searches have been conducted at five premises in Delhi, Gurgaon & Ghaziabad which yielded a recovery of cash Rs.14,50,000/-; jewellery worth about Rs.2,00,000/-; Rs.55,00,000/- in one of four Bank Accounts; a household articles worth Rs.5,00,000/- and a Car! (can't he afford a car?). Documents showing purchase of a house in South Extension, Part-I for about Rs.1,80,00,000/- as against declared value of Rs.48,60,000/- have also been recovered. It has also come to light that he might have two more properties in Delhi.
Further searches and investigations are in progress.
Last week they got the Member of the CLB. The appellate tribunals in the country seem to be in trouble.