Chit fund: ED raids IRS officer’s premises

Tribune News Service
New Delhi, September 14

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The Enforcement Directorate today raided multiple locations in the country linked to IRS officer Neeraj Singh, a commissioner in the Income Tax Department, in connection PMLA and associated disproportionate assets cases.

In a statement, the ED said after registering a case against Singh, a commissioner in the Income Tax Department, under the Prevention of Money Laundering Act (PMLA), the agency sleuths raided six locations, two each in Kolkata, Mumbai and Patna.

Singh was last posted in Chennai and has earlier worked in the investigation wing of the department in Kolkata. The ED filed a criminal case against the Indian Revenue Service (IRS) officer based on a Kolkata police FIR “for accumulation of huge wealth in the name of his associates by giving undue favours by misusing his official position”.

Searches conducted at several locations resulted in seizure of various property documents, bank accounts and investment documents, the ED said in the statement. Officials said Singh was under scanner of the Kolkata police and the ED for alleged links with the prime accused in the Rs 15,000-crore Rose Valley chit fund scam Gautam Kundu, who has already been arrested in the case. Singh has so far denied the charges in the past.

‘Misuse of position’

• The ED filed a criminal case against the Indian Revenue Service officer Neeraj Singh, a commissioner in the Income Tax Department, based on a Kolkata police FIR “for accumulation of huge wealth in the name of his associates by giving undue favours by misusing his official position”
• Singh was last posted in Chennai and has earlier worked in the investigation wing of the department in Kolkata.