Enforcement Directorate (ED) has attached properties worth ₹3.88 crores belonging to a senior Income Tax official Neeraj Singh and his associates in a corruption case.
Indian Revenue Services officer Singh, was the Additional Director of Income Tax (Investigation) in Kolkata when police lodged an FIR was against him in 2017.
“…the accused, by wrongfully using his power and capacity of a public servant, obtained huge amounts of money through illegal gratification…” a press note released by ED states.
“The investigation revealed that Neeraj Singh kept Govind Agarwal as his frontman and laundered the obtained proceeds of crime through many bank accounts of various companies,” ED said.
The attached assets include a residential property in mumbai worth ₹3.15 crore and bank balances of ₹73.16 lakhs.
“For acquiring this property, Neeraj Singh routed his ill-gotten money through several companies floated by Govind Agarwal and finally placed them into the accounts of his relative in the guise of loans extended from a company. Singh was also found to possess and use bank accounts of his relatives, which were utilised for acquiring proceeds of crime,” ED has stated.
