Court directs EOW to probe man's black money transactions

A court here has directed the Economic Offence Wing (EOW) of Delhi Police to probe alleged black money transactions of a man, who had lent the unaccounted money as loan to several persons, and take action against him.
The court said that Delhi resident Daryao Singh Khatri, who was an MCD employee and had filed a recovery suit before it, seemed to be involved in illegal money transactions and he has been playing "hide and seek" with government authorities in order to evade income tax.
It directed the Deputy Commissioner of Delhi Police, EOW, to probe into the sources of income of Khatri and take action.

"In view of the transactions in which Khatri seems to have been involved in black money transactions running into lakhs and lakhs of rupees, let the matter be reported to DCP, EOW, with direction to investigate/inquire into the sources of the income of the plaintiff and to take action in accordance with law," Additional District Judge Sujata Kohli said.
The court also held that any amount given out of the unaccounted money, cannot be termed as legally recoverable debt or liability.
The court's order came while deciding Khatri's recovery suit filed against Delhi resident Het Ram, a retired Colonel, alleging that he had given friendly loan of Rs nine lakh to Ram in 2003 which he failed to return.

Ram, however, told the court that he had taken Rs 1.5 lakh from Khatri in 1998 due to illness of his wife who was suffering from cancer and he had repaid Rs 2.9 lakh inclusive of interest to the plaintiff.

He said that at the time of taking loan, he had also given a blank cheque as security but Khatri misused it by filling up wrong and false particulars and it got dishonoured.
The judge decided the suit against Khatri, saying, "The plaintiff has been guilty of concealment of material facts from this court and to have come up with a false claim.

"In fact his entire conduct shows, apart from the present case, that the plaintiff has been playing hide and seek with government authorities in order to evade income tax, and the money alleged to have been given by him to different persons as friendly loans is in fact unaccounted money. Any amount given out of the unaccounted money, cannot be termed as legally recoverable debt/liability," the judge said.