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  1. Yadav Singh to be also probed for money laundering: Finance Ministry

Yadav Singh to be also probed for money laundering: Finance Ministry

Yadav Singh, the former chief engineer of Noida Authority who is under probe for alleged corrupt practices and recently faced an income tax...

By: | New Delhi | Updated: December 7, 2014 12:35 AM

Yadav Singh, the former chief engineer of Noida Authority who is under probe for alleged corrupt practices and recently faced an income tax raid, will also be investigated for possible instances of money laundering, the finance ministry said in a statement in New Delhi on Saturday.

The chairman of the Special Investigating Team (SIT) probing cases of black money, Justice MB Shah, and its vice-chairman, Justice Arijit Pasayat, on Saturday reviewed the progress of the income tax department’s investigations into Singh’s assets.

A senior income tax official from Lucknow, who is conducting a search operation, will share the details with the enforcement directorate “to take appropriate action and to investigate the matter further from the angle of money laundering.” said the ministry statement.

The SIT also directed the Central Board of Direct Taxes chairperson Anita Kapur to monitor the search, seizure and other proceedings against Yadav Singh and associates.

The Noida Authority has in the meantime announced that e-tendering would take place for all projects exceeding R10 lakh awarded during the tenure of Singh as chief engineer, who has now been shifted from that post to the personnel department. During the recent raids, the tax department reportedly found cash and jewellery.

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Tags: Black Money

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