Income Tax officer charged with amassing wealth

January 21st, 2009 - 9:47 pm ICT by IANS  

New Delhi, Jan 21 (IANS) The Central Bureau of Investigation (CBI) Wednesday charged a senior Income Tax officer in New Delhi with amassing wealth.”A case has been registered against Lav Kumar Saksena, a commissioner (in) Income Tax department, for accumulating assets worth millions of rupees, in his and family’s name, which are disproportionate to his known sources of income,” a CBI spokesman said.

Saksena is an Indian Revenue Services officer of 1979 batch.

The CBI also conducted searches at various places in Delhi, Kanpur and Bangalore to unearth the assets acquired by Saksena and his family members.

“A large number of incriminating documents, including details of several bank accounts, many plots, flats, commercial properties in Delhi, Kanpur and Bangalore, heavy deposits, balances, cash, investment in shares/financial instruments, vehicles, jewellery and foreign travels, were recovered,” the spokesman said in a statement.

“He has huge assets in his name and in the name of his immediate family members.

“The list includes, one plot in Kaushambi area, a house at Kanpur, 200 square yard plot in Vasant Kunj area, a flat in Gurgaon, and a plot and shop in Bangalore.”

“Also on the list are a Toyota Corolla and Hyundai Accent car, 12 bank accounts and cash around Rs.6.6 million, and documents related to 10-11 demat accounts through which shares worth millions were purchased,” the official added.

The tax officer and his family allegedly spent Rs.700,000 on foreign travels as per the documents recovered from him.

The CBI official said they have information about Saksena’s five lockers and “they will be opened in the next two days”.

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