CBI FILES A CHARGESHEET AGAINST THEN UNION MINISTER OF STEEL & MSME AND EIGHT OTHERS FOR POSSESSION OF ALLEGED DISPROPORTIONATE ASSETS TO THE TUNE OF RS.10.30 CRORE( APPROX)

Press Release
New Delhi, 31.03.2017

        The Central Bureau of Investigation has filed a chargesheet in the Court of Special Judge, CBI Cases, Patiala House Courts, New Delhi against then Union Minister of Steel & Micro, Small & Medium Enterprises(MSME); his wife and seven other persons including LIC Agent, Owner of a private firm based at Parwanoo (Himachal Pradesh), Stamp Vendor, MD of a Delhi based private firm on the allegations of possession of Disproportionate Assets.

        It was alleged that during the period from May, 2009 to June, 2012, the then Minister of Steel & Micro, Small & Medium Enterprises(Government of India), New Delhi committed criminal misconduct and was found in possession of disproportionate assets worth Rs.10,30,47,946/-(approx) in his name as well as in the names of his family members, including wife & children. The other accused had allegedly abated the then Union Minister in committing the offence including false documents in the shape of Memorandum of Understanding, sale proceeds & also documents submitted by one of the accused before the Income Tax authorities during 2014 in respect of firms of other accused which were created & used to legitimize the disproportionate assets of said then Minister. The disproportion was to the extent of 192% to his known source of income.

        CBI had registered the case on 23.09.2015 against then Union Minister; his wife; two private persons and unknown others on the allegations of possession of Disproportionate Assets. This FIR was the outcome of a preliminary enquiry which revealed that then Union Minister while serving during 2009-2012 had allegedly accumulated assets in his name and in the name of his family members which were found to be disproportionate to his known sources of income.

        Searches were conducted on 26.09.2015 at 13 different locations in Shimla & Solan (Himachal Pradesh) and New Delhi which led to recovery of incriminating documents, property papers, investments, hard disks & pen drives.

        After thorough investigation, a chargesheet has been filed today.

        The public is reminded that the above findings are based on the investigation done by CBI and evidence collected by it. Under the Indian Law, the accused are presumed to be innocent till their guilt is finally established after a fair trial.


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