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Friday, September 20, 2013

CBI to close disproportionate assets case against Mulayam Singh Yadav

      
New DelhiCBI will soon close its probe into the disproportionate assets case against Samajwadi Party leader Mulayam Singh Yadav as it failed to gather evidence. CBI sources said today the agency would close the case within two days as during re-investigations, Mr Yadav's chartered accountants managed to explain every asset which was under the scrutiny of the agency. This left the CBI with no option but to close the probe. The sources said Mr Yadav produced enough evidence showing that the assets grew during 1993-2005 because of loans from relatives which were later claimed to be gifts.
The Supreme Court had ordered a CBI inquiry on March 1, 2007 into the alleged accumulation of disproportionate assets by the Yadav family, on a PIL by an advocate Vishwanath Chaturvedi. The agency filed a status report in 2007 alleging that the Yadavs had an income of Rs. 6.23 crore while expenditure was Rs. 4.45 crore. But they managed to acquire assets worth Rs. 4.41 crore and hence Rs. 2.63 crore worth of assets were disproportionate to their declared sources of income.

The sources said of the Rs. 2.63 crore of alleged disproportionate assets which were inquired by the agency between 1993 and 2005, nearly Rs. 1.4 crore are in the name of Akhilesh Yadav's wife Dimple which had weakened the case.

Last December, the Supreme Court had directed the CBI to go ahead with the probe against Mulayam and his sons Akhilesh and Prateek but dropped the probe against Dimple saying that she was not holding any public office and was only a private person. Exclusion of Dimple changed course of investigation as allegedly unexplainable assets were in her name, the sources said, adding that the ruling weakened the case.
 
(Source-NDTV News)

Monday, September 2, 2013

CBI may close DA case against MSY - Agency To File Report In Supreme Court Saying No Evidence Against Mulayam

New Delhi: The CBI finally seems ready to give a reprieve to SP chief Mulayam Singh Yadav and his CM son Akhilesh Yadav in the disproportionate assets case after the monsoon session of Parliament. According to sources, the agency is likely to file a report in the S C, informing that it has not found any evidence in the DA probe against the Yadavs. The court, sources said,would be informed about the closure after the monsoon session concludes on September 6. The agency will inform the court as it has been told by legal experts and chartered accountants engaged to take a relook that no criminal charge is made out against Mulayam and Akhilesh after excluding the assets of Dimple Yadav, Akhilesh's wife. Of the disproportionate assets worth Rs 2.63 crore between 1993 and 2005, around Rs 1.45 crore are Dimples assets and the Supreme Court had on December 13,2012 ordered to keep her assets aside. We also spoke to chartered accountants who claimed that rest of the amount could be easily accounted for and the case would not stand in court, said a CBI source.

In its status report in 2007,the agency had alleged that the Yadav family owned disproportionate assets worth Rs 2.63 crore,saying they acquired assets worth Rs 4.41 crore between 1993 and 2005, though they had income of Rs 6.23 crore and an expenditure of Rs 4.45 crore in this period.
In July, the agencys investigation team had said proposed that the case be closed but CBI director Ranjit Sinha asked for a re-investigation. A final decision has now been taken and the case would be closed, said sources. The apex court on March 1,2007 had directed the CBI to inquire into a PIL (public interest litigation) filed by Vishwanath Chaturvedi in November 2005 which sought an investigation into the allegedly huge illegal wealth amassed by Mulayam and his sons Akhilesh and Prateek. The agency was asked to check if the allegations made by the petitioner were correct or not, conduct a preliminary inquiry and see if a case could be made for further action. The CBI had collected 350 documents and questioned eight persons to check the accumulation of assets by the family.

(Source--toi)