Stock Guru scam: I-T officer removed from Finance Ministry

Comments 0
SummaryA senior Income Tax official has been removed from the Finance Ministry after CBI carried out raids at his properties on charges of allegedly taking bribe during a probe into the Rs 500-crore Stock Guru scam.

A senior Income Tax official has been removed from the Finance Ministry after CBI carried out raids at his properties on charges of allegedly taking bribe during a probe into the Rs 500-crore Stock Guru scam.

The Central Board of Direct Taxes, the apex body of I-T department, has issued orders attaching 2006 batch IRS officer Yogendra Mittal, a Deputy Commissioner-rank officer, as an Officer on Special Duty (OSD) in the office of Chief Commissioner (Income Tax) Delhi, official sources said.

Mittal was working as an OSD in the Tax Planning and Legislation division of the CBDT, under the Department of Revenue.

CBDT has also ordered an inquiry against him, they said.

"A departmental inquiry against him will be conducted by a Chief Commissioner rank official and it will submit a report to the CBDT soon. He may later be suspended too," a senior official said.

CBI had searched the residential premises of Mittal at Kaushambi, Ghaziabad as well as his office yesterday.

The officer was booked for criminal conspiracy and under Prevention of Corruption Act. It was alleged that the officer led searches against Stock Guru with the intention of extracting illegal gratification, CBI had said.

Mittal had conducted search operations at various locations in connection with Stock Guru scam during January 2011 but they were allegedly not genuine.

The conspirators of Stock Guru scam -- Ulhas Prabhakar Khaire and his wife Raksha -- were arrested by Delhi Police's Economic Offences Wing in November last year, nearly 22 months after dubious searches carried out by the I-T officer, CBI sources had said.

Stock Guru scam: Mittal, Khaire to be confronted

Amid allegations and counter-allegations, CBI now plans to confront Deputy Income Tax Commissioner Yogendra Mittal with promoter of Stock Guru Ulhas Khaire whose custody has been taken by the agency.

CBI had conducted searches after allegations by Khaire that the IT official had walked away with Rs 40 crore from his Rewari residence besides paying a bribe of Rs 15 crore for diluting a case against his company.

However, the agency after searches and seizure of all documents said only movable and immovable assets worth Rs 2 crore could be traced and the same could be well explained by the IT official, CBI sources said.

They further said the agency would soon call for accounts and property details of Mittal's relatives to see if assets have been acquired in their name.

They said CBI today questioned Mittal at the headquarters here in connection

Single Page Format
Ads by Google
Reader´s Comments
| Post a Comment
Please Wait while comments are loading...