Cash, FDs of Rs 1 cr seized from bank lockers of PWD engineer

Image
Press Trust of India Nashik
Last Updated : May 15 2013 | 5:35 PM IST
Anti-Corruption Bureau has seized cash and fixed deposits (FDs), collectively worth over Rs one crore, from various bank lockers of suspended PWD section engineer Jagdish Wagh here after interrogating his wife Deepali at its office.
The cash and deposits worth Rs 1,13,50,889 were unearthed yesterday from various bank lockers of Wagh, an accused in the bribery scandal involving his colleague and executive engineer (Nashik North) Satish Chikhlikar, sources said today.
With this seizure, Wagh's allegedly ill-gotten assets, including cash, gold and silver ornaments besides other valuables seized since his arrest, swelled to Rs 2 crore 22 thousand, ACB said.
Meanwhile, more skeletons keep tumbling out of the closets of Chikhlikar with the investigating agency seizing cash worth Rs 5,10,200 from his bank lockers with the help of his wife Swati yesterday.
Chikhlikar's allegedly disproportionate assets are now estimated at Rs 17,95,90,492, including gold and silver jewellery, valuables and other investments, according to the agency.
The ACB had earlier recovered Rs 57,69,000 in cash, 9.55 Kg of gold, including gold biscuits weighing 6.312 kg and gold ornaments of 3.246 Kg, having a total value of Rs 2.67 crore from two bank lockers of Swati Chikhlikar.
ACB has neither confirmed nor denied if it will name Swati as a joint accused in the case even though it is of the view that her husband might have registered a portion of his allegedly disproportionate assets in her name.
Chikhlikar and Wagh were caught red-handed by ACB on April 30 for allegedly accepting a bribe of Rs 22,000 from a complainant in exchange of awarding a road maintenance contract. They were formally arrested on May 3.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 15 2013 | 5:35 PM IST

Next Story