Rs 7L cash, Rs 60L worth assets unearthed from clerk's house

Image
Press Trust of India Neemuch (MP)
Last Updated : Dec 22 2015 | 5:42 PM IST
Lokayukta Police today raided the residence of an Assistant Grade-II clerk, posted at the Collectorate office here, and unearthed huge amount of wealth, including assets over Rs 60 lakh and Rs 7 lakh cash, highly disproportionate to his known sources of income.
Acting on a tip-off, sleuths of Lokayukta Police raided the house of Narendra Gangwal and recovered jewellery worth Rs 10 lakh, papers of land worth Rs 55 lakh, 20 foreign watches, five Iphones and details of a bank locker (documents), beside Rs 7 lakh cash that was hidden beneath a bed, Lokayukta Inspector Basant Shrivastava said.
Raids were also conducted simultaneously at his residence in Neemuch and Mandsaur districts.
Shrivastava said sleuths conducted the raid at a time when Gangwal was planning to leave for Goa on a vacation. He had also taken loan from various banks, amounting to Rs 10 lakh.
Two kgs silver and 250 gram gold ornaments were recovered from the bank locker, the officer said, adding that Gangwal also owned a car.
In Mandaur, team of Lokayukta Police recovered ornaments worth Rs 10 lakh and documents related to bank accounts and a locker, which will be opened later.
Further investigations in the matter are on, he added.
*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: Dec 22 2015 | 5:42 PM IST

Next Story