Controversial Noida Authority official Yadav Singh, accused of amassing illegal wealth, has come under the scanner of the Special Investigation Team (SIT) on blackmoney as it on Saturday asked the CBDT to share information with ED so that money laundering charges could be pressed against him and his associates.
SIT Chairman Justice (retd) M B Shah and Vice-Chairman Justice (retd) Arijit Pasayat held a meeting and reviewed the case with CBDT officials led by Chairperson Anita Kapur and I-T officers from the investigations directorate in Lucknow who had carried out extensive raids last month on Singh’s premises and a number of companies with which his wife is believed to be associated with.
After the meeting, the SIT asked the Director General (I-T investigations) Lucknow to share information of this case with the Enforcement Directorate so that Yadav could also be investigated under the criminal provisions of the Prevention of Money Laundering Act (PMLA).
The SIT, according to sources, has taken this case of alleged tax evasion seriously and it suspects generation of a huge amount of illegal funds in the capital, in which the I-T department has already seized huge cash and is scrutinising voluminous documents of real estate projects being executed by Yadav in the national capital region.
According to an official statement issued by the Finance Ministry, the SIT after the meeting, also asked Kapur to personally monitor the probe in the case.
I-T searches on the premises of Yadav and his wife last month had led to the recovery of huge cash, two kg gold and diamond jewellery even as the department has brought under its scanner over a dozen bank accounts of the duo and private firms operated by them.
“As the search (on Singh) is being conducted by Director General Lucknow, it was directed that Chairperson CBDT would monitor the search, seizure and further appropriate proceedings against Yadav Singh and other connected persons.
“DG and search officer (of the case) shall convey the information to the Director of the Enforcement Directorate to take appropriate action and to investigate the matter further from the angle of money laundering. Thereafter, SIT would further monitor the investigations,” the statement said.