Noida: The Uttar Pradesh government has suspended Noida Authority Chief engineer Yadav Singh after an income tax raid on his residence unearthed crores in cash and jewellery.
After the raids, Singh was relieved of his charge and attached to the personnel department. The state government had asked for a report from Noida Development Authority on Yadav Singh. The I-T department had recovered diamonds worth Rs 100 crore, Rs 10 crore in cash and around 2 kgs of gold from Yadav's residence.
He has also come under the scanner of the Special Investigation Team (SIT) on blackmoney as it on Saturday asked the CBDT to share information with ED so that money laundering charges could be pressed against him and his associates.
SIT Chairman Justice (retd) MB Shah and Vice-Chairman Justice (retd) Arijit Pasayat held a meeting and reviewed the case with CBDT officials led by Chairperson Anita Kapur and I-T officers from the investigations directorate in Lucknow who had carried out extensive raids in November on Singh's premises and a number of companies with which his wife is believed to be associated with.
After the meeting, the SIT asked the Director General (I-T investigations) Lucknow to share information of this case with the Enforcement Directorate so that Yadav could also be investigated under the criminal provisions of the Prevention of Money Laundering Act (PMLA).
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