Special CBI Judge Manoj Jain also absolved Anand's father Krishan Mohan Sharan, a retired Indian Railway official, of the charges of criminal conspiracy and corruption under the provisions of the Prevention of Corruption Act for abusing his official position and acquiring disproportionate assets.
"The prosecution has not been able to place sufficient material before the court to nail them (Anand and his father) down under any penal charge. Any uncultivated and distant likelihood cannot be a substitute of concrete proof which is always required to bring home the guilt in any serious criminal trial like this.
Anand, a 1990 batch IAS officer of Haryana cadre, was charged by the CBI in 2003 of entering into a criminal conspiracy with private builders and allotting them space in a DDA project below the market rate. At that time, he was serving in DDA.
The agency had said Anand had failed to give any "suitable explanation" for the huge amount of Rs 45 lakh cash recovered from his residence.
According to CBI, Anand did not have any significant or noticeable assets in 1991. He acquired one residential flat of HOPE apartments in Gurgaon and made initial payments towards the flat on August 22, 1991.
It further said that Anand's father had actively connived with his son to fabricate false evidence for the purpose of legitmising ill-gotten money.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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
