The Telegraph
Saturday , March 22 , 2014
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Rs 1.5cr assets seizure

The economic offences unit (EOU) sleuths of the state police on Friday carried out simultaneous searches in the office and the residential premises of an executive engineer of the road construction department and unearthed movable and immovable property worth over Rs 1.49 crore.

The EOU officials conducted raids on executive engineer Laxmikant’s houses in Patna and office in Nalanda. The search of the engineer’s palatial house at Saketpuri near Bazaar Samiti in the heart of Patna yielded Rs 87,000 and documents related to a flat on the upcoming Boring Road locality besides several plots of land in different parts of the capital.

Giving details of the operation, additional director-general (headquarters) Ravinder Kumar said the engineer owned a house built on around 2,200sqft at Bahadurpur in Patna. The land, to the utter surprise of the members of the raiding team, was purchased in the name of his wife for just Rs 4 lakh. The estimated value of the house was not less than Rs 55 lakh, he said.

The flat in the Nutan Krishna Amar Apartment on Boring Road was purchased for Rs 39 lakh. “The police have stumbled upon the registered deeds of a plot of land measuring about 6.25 decimals at Jalalpur near Danapur. The land was purchased for Rs 8.19 lakh only,” he said.

Kumar said the value of the purchased land had been shown less than the existing rate, which amounted to evasion of tax. The operation, which started around 7.30am, was continuing till the time of filing the report. “So far, the engineer’s movable and immovable property worth Rs 1.49 crore has been detected,” he said.

Laxmikant, who was posted at Hilsa in Nalanda district, owned two luxury vehicles, including a sports utility vehicle. The SUV was purchased for Rs 12 lakh. In addition, he has made huge investments in insurance policies. Jewellery worth Rs 9 lakh, 11 bank passbooks and the papers of bank lockers were also seized.