ED attaches assets worth Rs 7.33 crore of ex-Income Tax officer who was earlier caught in bribery case
New Delhi, October 3, 2022
The Enforcement directorate attached assets worth Rs 7.33 crore of a former Income Tax officer in a money laundering case.
Assets worth Rs 7.33 crore belonging to an Income Tax officer, who was forced to retire by the government, have been attached by the Enforcement Directorate under the Prevention of Money Laundering Act (PMLA).
Andasu Ravinder, Additional Director of Income Tax, who was compulsorily retired from service by the Finance Ministry under the Central Civil Services Conduct rules, is being probed for his disproportionate assets.
The ED’s case is based on the FIR registered by the Central Bureau of Investigation (CBI) against Andasu Ravinder and his wife Kavitha Andasu. Andasu Ravinder is accused of colluding with other accused persons and amassing wealth in his and wife’s name during the period from January 2005 to August 29, 2011 which were disproportionate to the known sources of his income and wife’s income.
Over Rs 2 crore was found to be amassed by the husband and wife that could not be satisfactorily accounted for. The former Income Tax officer was charged that the assets acquired by Andasu Ravinder in his and wife’s name along with Hyderabad based company Raviteja Trading Pvt. Ltd were disproportionate to known sources of income to the extent of Rs 2.32 crore which was reckoned to be 171.41% disproportionate to the total income generated by them.
“Andasu Ravindar and others pursuant to a criminal conspiracy concertedly indulged in the criminal act of generation and possession of accretions disproportionate to the known sources of income of Andasu Ravinder and his wife,” the ED said.
The ill-gotten money was invested in five immovable properties. The properties have present market value of Rs 7.33 crore which have been attached by the ED.
Andasu Ravinder was caught by the CBI while take a bribe of Rs 50 lakh on August 29, 2011 at his residence. The bribe was being given to him for certain favours extended by the Andasu in resolving tax related disputes for a person.