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Rs 8 crores assets including Rs 3 crore cash and 234 KGs silver seized from former constable’s premises in Madhya Pradesh

The authorities, during the raids at Sharma's residence, seized Rs 1.15 crore in cash, foreign currency, jewelry worth Rs 50 lakh, and other assets, including vehicles valued at Rs 2.21 crore.

On Monday, 23rd December, the Lokayukta’s Special Police Establishment (SPE) in Madhya Pradesh recovered assets worth Rs 7.98 crore from the premises of a former constable identified as Saurabh Sharma. The assets were recovered as the authorities searched Sharma’s premises and office in Bhopal’s Arera Colony on December 18th and 19th.

As per the reports, the assets recovered included cash worth Rs 2.87 crores and 234 KGs of silver. Sharma whose integrity is in question, was serving as a constable at the state transport department until he opted for voluntary retirement in 2023. He notably joined the service in the year 2015 on compassionate grounds after his father’s death.

Lokayukta Police Director General Jaideep Prasad confirmed the development to the media and revealed that Sharma opted for illegal means to collect the wealth totaling around Rs 8 crores. Apart from cash and silver, the authorities have also discovered Sharma’s investments, which he registered in the names of his mother, wife, and sister-in-law. Some illegal investments were also made in the name of his associates identified as Chetan Singh Gaud and Sharad Jaiswal.

Reports suggest that the authorities, during the raids at Sharma’s residence, seized Rs 1.15 crore in cash, foreign currency, jewelry worth Rs 50 lakh, and other assets, including vehicles valued at Rs 2.21 crore.

Further raids were also conducted at his office to recover Rs 1.72 crore in cash, 234 kilograms of silver worth Rs 2.10 crore, and other assets worth Rs 3 crore.

The Income Tax Department has issued summons in the name of Sharma and his two associates Gaud and Jaiswal for questioning in the matter. The authorities are also expected to trace the source of alleged income and illegal investments belonging to Sharma and his family members. Reportedly, the department has also seized the cash and gold belonging to Gaud.

“So far, moveable assets of Rs 7.98 crore have been found during searches at locations linked to the former constable. Summons have been issued to Saurabh Sharma, his wife, mother, and associates Gaud and Jaiswal, asking them to appear for questioning,” Lokayukta police official was quoted as saying.

Earlier, in a separate raid, the I-T officials seized over Rs 10 crore in cash and 50 kilograms of gold from Gaud’s vehicle on the outskirts of Bhopal. As per the reports, the officials are conducting an investigation to scrutinize the bank details and land records recovered by them during the raids. Further probe is underway.

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OpIndia Staffhttps://www.opindia.com
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