Stock Guru scam: I-T official removed from Fin Min

Deputy Commissioner Income Tax Yogendra Mittal, a 2006-batch Indian Revenue Services Officer, who was posted at Finance Ministry in Central Board of Direct Taxes as an Officer on Special Duty (OSD) in the Tax planning and legislation division has now been "attached" as an OSD in Chief Commissioner (Income Tax) Delhi office, official sources said here.

"A departmental inquiry against him will be conducted by a Chief Commissioner rank official and it will submit a report to the CBDT soon. He may later be suspended too," a senior official said.

Meanwhile, CBI took custody of Stock Guru promoter Ulhas Khaire, who was in Tihar prison as an undertrial, and is planning to confront him with Mittal in the light of allegations and counter-allegations levelled by them against each other, agency sources said here.

They said questioning of Mittal took place today at the agency's headquarters here where he denied taking any bribe from Khaire.

CBI had conducted searches after allegations by Khaire that the IT official had walked away with Rs 40 crore from his Rewari residence besides paying a bribe of Rs 15 crore for diluting a case against his company.

However, the agency after searches and seizure of all documents said only movable and immovable assets worth Rs 2 crore could be traced and the same could be well explained by the IT official, CBI sources said. (MORE)