IRS officer convicted in graft charges

A special CBI court in Hyderabad today convicted an IRS officer of 2001 batch, presently posted as Deputy Commissioner Income Tax here, for amassing wealth disproportionate to the known sources of income.
The special court today convicted A Mallikarjuna Rao, (IRS-2001), then Assistant Director of Income Tax (Recovery), New Delhi in a Disproportionate Assets case and sentenced him to undergo five years Rigorous Imprisonment with fine for Rs six lakhs, CBI spokesperson said here.
She said the said accused is presently posted as Deputy Commissioner of Income Tax (DCIT) in the Office of CCIT, New Delhi.
"Rao had amassed assets disproportionate to the tune of around Rs 72.87 lakh (107.85 per cent) in-between the period from September, 2001 and September, 2006. All these investments were allegedly made by him after joining IRS," she said.

CBI had registered a case against Rao, the then Assistant Director of Income Tax (Recovery), New Delhi on September 29, 2006 on the allegations that Rao was in possession of disproportionate assets, the official said.
"During investigation, searches were conducted at New Delhi, Hyderabad, Ananthapur which led to recovery of several incriminating documents relating to investments made by him in M/s Ashrita Textiles, establishment of M/s M&M Educational Society and documents pertaining to share business etc," she said.
The official said it was further revealed that Sri A. Mallikarjuna Rao allegedly acquired immovable properties at various places in Andhra Pradesh as well as in the name of M/s M&M Educational Society represented by his brother.