CBI books IIT-Goa director in disproportionate assets case

Director of the Indian Institute of Technology-Goa B K Mishra is under the CBI scanner for allegedly amassing assets worth Rs 1.14 crore more than his known sources of income.
The agency has alleged that Mishra, who was the director at the Institute of Minerals and Materials Technology- Bhubaneswar before joining the top post at the newly set up IIT, had amassed assets to the tune of Rs 2.15 crore between 2006 and 2016.
Assets worth Rs 1.14 crore were allegedly unaccounted for, a CBI FIR has claimed.
The FIR has alleged that at the start of the check period -- April 1, 2006 -- he had movable and immovable assets amounting to Rs 3.79 lakh in his and his wife's name.

However, at the end of August 31, 2016, the assets shot up to Rs 2.19 crore, it has said.
The CBI has alleged that during the period, Mishra had earned Rs 2.32 crore as income from various sources. This amount also included earnings by his wife.

The agency, which registered the FIR based on "source information", has claimed that during 2006-16, his expenses on repayments of loans, children's education and household were over Rs 1.31 crore.
Mishra's likely savings during the period were little over Rs 1 crore, it has said.
"Against this likely saving, Mishra has acquired assets (movable/immovable) to the tune of Rs 2.15 crore.

"Hence, Mishra is in possession of disproportionate assets to the tune of Rs 1.14 crore to his known sources of income during the aforesaid check period and the acquisition of the same is not likely to be accounted for satisfactorily by him," the CBI has alleged.
Emails sent to the director's official ID and to the institute's public relations officer seeking their response remained unanswered.