By: Ambili Created: 2:41 pm, 20th Jan 2011
The illegal assets of the IAS-officer couple caught in Madhya Pradesh for corruption allegedly exceed Rs 300 crore.
The Enforcement Directorate has found several violations relating to foreign currency and investments. "This is a mind-blowing figure... hard to believe that officers can raise illegal assets of Rs.300 crore or even more. Several businessmen in the state are struggling for years to keep their empire over the Rs.100 crore mark, but the Joshi couple have really produced a shocker," a senior bureaucrat told IANS.
The officer was reacting to a report of the income-tax department that said in its 7,000 page report to the state government that the 1979 batch IAS couple - Arvind and Tinoo Joshi - have properties, investments and valuables worth at least Rs.300 crore.
Arvind Joshi was in charge of the rehabilitation of victims of the Bhopal gas tragedy. The IAS couple was suspended in February last year when an income-tax raid found a little over Rs.3 crore in cash at their Bhopal residence.
The report says the couple owned at least two dozen flats in Assam, New Delhi and Bhopal, and have about 400 acres in various districts of Madhya Pradesh, like Sehore, Raisen, Balaghat, Mandla and Umaria.
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