New Delhi: The CBI on Wednesday arrested former WAPCOS chairman and managing director Rajinder Kumar Gupta and his son in connection with disproportionate assets. After raids at 19 locations in Delhi, Gurgaon, Chandigarh, Sonepat and Ghaziabad, the CBI recovered Rs 38.8 billion, a huge amount of jewellery, some expensive articles and other suspicious documents.
Rajinder Kumar Gupta was recently written off for amassing a disproportionate amount of wealth. A case has also been registered against his wife Reema Singal, son Gaurav Singal and daughter-in-law Komal Singal.
A CBI spokesperson said on Wednesday that searches so far have recovered around Rs 38.38 crore in cash, FDRs, bank locker keys and details of accounts in several banks.
Gupta had disproportionate wealth during his tenure from April 1, 2011 to March 31, 2019. It was also alleged that after his retirement he started a consultancy business in the name of a private company in Delhi.
Property received in the name of relatives
After registering the case, the CBI team searched all the premises and found Rs 20 lakh and documents related to the properties and other valuables. 20 crore per CBI, around Rs 10 crore was recovered from the Chandigarh properties of Gupta and his relatives.
What is WAPCOS?
WAPCOS, formerly known as Water and Power Consultancy Services (India) Limited, is a Central Public Sector Undertaking wholly owned by the Government under the control of the Union Ministry of Jal Shakti.
Also Read: Sharad Pawar’s surprise resignation triggers MLAs’ walkout
