‘A few properties were sold off’
The latest investigations into the disproportionate assets case against former Mumbai Congress president Kripashankar Singh have revealed that of the 19 properties that were mentioned in the FIR, some of them have actually been sold off.
According to sources, one of these properties is the flat in the Kingston building in Powai, which was procured under the chief minister’s quota and was registered in the name of Mr Singh’s son-in-law. Sources said the special investigating team probing the case has found out that this flat has been sold off, and is currently ascertaining how much Mr Singh’s family has gained from the sale. Sources in the real estate industry said the current market rate for a similar flat in the area is upwards of `1.5 crore.
Meanwhile, the SIT said on Monday that it will now scrutinise the demat accounts of Mr Singh and his family members. A chartered accountant would soon be roped in to assist the probe, the police said, adding that no arrests are likely before April 19 — the day the team will file a report in the Bombay high court.
“We want to know how much they have invested in the stock market,” said a source from the Economic Offences Wing.
The officer said, “So far, we have not spoken to him yet. Moreover, the entire investigation is based on scrutiny of documents, and we don’t need to record his statement for that.” The officer added Mr Singh’s properties outside Mumbai — in Panvel, Ratnagiri, Jaunpur and Lucknow — were being attached. However, the SIT will not seek an order to vacate the properties.
Post new comment