Govt arm ex-CMD held by CBI, Rs 38 crore seized

NEW DELHI: The CBI has arrested Rajinder Gupta, the former CMD of water and power consultancy services limited, a Government of India undertaking under ministry of jal shakti, and recovered Rs 38.38 crore of unaccounted cash from his premises. This is the largest cash seizure by the agency in recent times.
Gupta's son, Gaurav, has also been arrested in the case, officials said. The CBI is likely to inform ED to probe the money laundering angle in the case, sources said.
The CBI had filed a corruption FIR against Gupta, his wife and his son and conducted searches at 19 locations across Delhi, Gurugram, Chandigarh, Sonipat and Ghaziabad at the premises of accused, which led to recovery of cash, jewelry, valuable items and incriminating documents. The FIR alleged that Gupta and his family members possessed disproportionate assets way beyond known sources of income during 2011 and 2019.
Rajinder Gupta and his son have been produced in court and have been remanded to five days of CBI custody for interrogation.