CBI arrests ex-CMD of WAPCOS and his son in a disproportionate assets case; Rs 38.38 Cr seized

Newsroom24x7 Network

New Delhi: The Central Bureau of Investigation has arrested former CMD of WAPCOS and his son in a Disproportionate Assets case.

During searches conducted so far, cash totalling about Rs.38.38 Crore, FDRs, keys of bank Lockers and details of accounts in various banks have been recovered from the premises of the accused.

A case was registered against former CMD, Water and Power Consultancy Services (India) Limited (WAPCOS, a Govt of India Undertaking under Ministry of Jal Shakti) and his family members on the allegations that the accused during the tenure from 01.04.2011 to 31.03.2019 had possessed disproportionate assets way beyond his known sources of income.

Searches were conducted yesterday at multiple locations across Delhi, Gurugram, Chandigarh, Sonipat & Ghaziabad at the premises of accused.
Investigation is continuing.


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