CBI recovers Rs 1 cr from Vasudevan

During the last one weeks investigation into the bribery case against Company Law Board (CLB) member R Vasudevan,the Central Bureau of Investigation...

During the last one weeks investigation into the bribery case against Company Law Board (CLB) member R Vasudevan,the Central Bureau of Investigation (CBI) has purportedly found that Vasudevan had made enough ill-gotten money. In fresh raids,the agency has recovered cash,FDRs and jewellery worth nearly Rs 1 crore from his residence.

Officials sources in the CBI said they are still investigating if others were involved with him and where all he could have invested his money. Meanwhile,the agency is yet to arrest the lawyer who allegedly arranged the delivery of a bribe amount of Rs 7 lakh to Vasudevan and has been named in the FIR.

During searches at Vasudevans residence at Chennai and three of his bank lockers,the CBI has recovered cash worth Rs 40 lakh,Rs 30.42 lakh and Rs 14.16 lakh in the three lockers respectively apart from Rs 75,000 from his residence. The CBI is yet to open the fourth locker owned by him.

Gold jewellery weighing 450 gram and silver jewellery weighing 10-12 kg has also been recovered so far,with the estimated cost of the jewellery nearly Rs 6-7 lakh. The CBI has also found FDRs worth Rs 6.9 lakh from his possession apart from 12 passbooks either in his name or in the name of his other family members. The CBI is still trying to ascertain the balance in these bank accounts.

Vasudevan was arrested for allegedly demanding and accepting a bribe on November 23. At that time,cash worth Rs 55 lakh including the Rs 7-lakh alleged bribe amount was recovered from him.