ACB raid on residence, office of Sahakari Bank CEO
| Date :08-Jan-2020 |
Staff Reporter :
DURG/RAIPUR,
Continuing its crackdown against corrupt practices, a joint team of Anti-Corruption Bureau (ACB) and Economic Offence Wing (EOW) early on Tuesday morning raided the residence and office of Jila Sahakari Kendriya Bank’s Chief Executive Officer (CEO) and unearthed disproportionate properties worth several crores. Following a tip-off that CEO of Jila Sahakari Kendriya Bank Santosh Kumar Nivsarkar has amassed disproportionate properties through corrupt means, the joint team concurrently raided the officer’s residence and office unearthing disproportionate properties worth several crores, said Superintendent of Police (ACB) Manish Sharma.
“As of now, the team has unearthed movable and immovable properties worth several crore including a duplex house constructed over 2820 square feet land to the tune of around Rs 1 crore at Sindhiya Nagar in Durg, a duplex house worth Rs 1.20 crore at Saket Nagar in Durg, fixed deposit of Rs 40 lakh, investment of Rs 50 lakh in LIC, cash worth Rs 6.48 lakh from house, Rs 2 lakh in bank account. Besides, the sleuths have also recovered gold weighing around 1 kg from house as well as bank locker and 1.5 kg silver. Similarly, the team has also unearthed three acre agricultural land to the tune of around Rs 15 lakh at village Aamti, two four-wheelers worth Rs 20 lakh and one two wheeler,” said the officer, elaborating that proceedings were underway. Probe is underway to find out information about other bank accounts and locker of the CEO and his relatives, added Sharma.
While sources also informed that a laptop was also seized from the chamber of the CEO’s office, which has been duly sealed by the team which however was not confirmed by the team. It was also informed that 6 tenants were residing in the CEO’s rented house. Notably, Nivsarkar is posted as the bank’s CEO since August 10, 2017 previously which he was deputed as the Additional Marketing Officer in the bank itself. SP Sharma further informed that after verifying the tip-off, ACB registered an offence under relevant Sections of Prevention of Corruption Act.
After obtaining search warrant from a court here to search the officer’s house and office, a 20-member team of ACB and EOW led by Additional Superintendent of Police Maheshwar Nag and Deputy Superintendent of Police R K Dubey conducted the raid. Third consecutive CEO in a row facing legal action: SK Nivsarkar is the third consecutive CEO of the bank against whom legal actions have been initiated by the authorities. Prior to him, former CEO Vinod Gupta was caught accepting bribe. Similarly, Kotwali police had registered cheating case against his predecessor DR Sahu, who also held the CEO’s position for long.