Crorepati Bank Peon Trapped

'Peon' at MP bank has assets worth over Rs 3 crore-Times of India

BHOPAL: Three years after a crackdown on the premises of Narendra Deshmukh, a multi-millionaire peon in Madhya Pradesh, the Lokayukta police have apprehended yet another peon in the Shivraj Singh government who amassed properties worth crores of rupees.

Kuldeep Singh Yadav's job was to bring in business cards of visiting callers and carry documents from one cabin to another at the Madhya Pradesh Cooperative Bank in Gwalior. To the outside world, he is a humble man who joined as 'peon' in 1983. But an early morning raid by Lokayukta police at his palatial three-storied house at Purshotam Vihar colony in Gwalior on Tuesday revealed that despite a paltry salary of less than Rs 25,000, he had assets worth over Rs 3 crore.

And that is not it, reports also revealed that he owns four more houses complete with the most luxurious of amenities in Gwalior itself.

Lokayukta police said that in a career spanning almost 31 years, Yadav, who started on a salary of less than Rs 5,000 a month, couldn't possibly have made more than Rs 16 lakh.

MP bank peon owns 5 houses, 2 cars and more-Hindustan Times

A man working as a peon for the past 31 years at a district co-operative bank owns five houses in Gwalior, land in Uttar Pradesh, two cars and more, all valued at more than Rs. 4 crore, Special Police Establishment of Lokayukta has found.

The details of these assets, quite disproportionate to his even current salary of Rs. 20,000 a month, were unearthed by the anti-corruption ombudsman during a raid early Tuesday morning on the residence of Kuldeep Yadav.

Yadav lives in a three-storeyed house in Purshottam Vihar Colony along with his family. Three of the houses are located in Hanuman Nagar and a duplex is under construction in Ohadpur.

The Lokayukta police said that Yadav owns 15 bighas of land in Tundla area of Uttar Pradesh, a flat in the town besides an SUV and a car.



The officials also recovered documents related to a plot of land near Gwalior, a licensed pistol, jewellery worth Rs. 4 lakh and the papers suggesting Rs. 5 lakh paid in insurance premium.

Yadav had gone on a visit to a religious place in Rajasthan when the house was raided on a tip-off by an anonymous caller.

Lokayukta deputy superintendent of police Surendra Rai Sharma said a bank locker in Yadav’s name, which is yet to be opened, might also reveal more details about other assets in his possession.

Yadav had not been promoted even once since he joined the bank as a peon in 1983. His total income from the salary and other known sources is estimated to be between Rs. 15 lakh and Rs. 17 lakh.

An official, who is part of the investigation, said on the condition of anonymity that Yadav was believed to be close to some politicians and had amassed wealth through unfair means and practices, which had made him unpopular among his colleagues and bosses.
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CBI books SBI official for taking watches worth Rs 8L as bribe

The CBI booked the deputy managing director of State Bank of India (SBI), along with an SBI employee and the head of a Delhi-based company in a bribery case. The former bank employee, who now works for the firm, was arrested on Saturday night.

Shyam Acharya, a deputy managing director with SBI, who also serves as group executive of mid-corporate, was booked for accepting a bribe after a CBI team recovered a pair of imported watches worth Rs 8 lakh from his Napean Sea residence on Saturday night.

The watches were allegedly sent by Worlds Window Impex India Private Limited, a Delhi-based firm owned by Piyoosh Goyal. The watches were delivered by K K Kumra, a former SBI employee, who now works with the firm.

According to the CBI's remand application, the Delhi firm enjoys a cashcredit limit of Rs 250 crore from a consortium of banks, including SBI. The company wanted to expand its credit limit to Rs 400 crore of which SBI was to increase it by Rs 75 crore.

Although the company's account was not with Acharya, the SBI official managed to get the case marked to him. The CBI, which monitors public servants on a regular basis, then stepped in and began keeping a tab on Acharya and people concerned in the deal. They learnt that the company had allegedly assigned the job of delivering a bribe to Acharya to Kumra.

On Saturday, Kumra was picked up by the CBI when he flew into Mumbai from Delhi with a pair of watches worth Rs 8 lakh. He was produced before a special CBI court on Sunday and has been remanded in CBI custody till November 27.

The CBI also conducted searches at the residence of Acharya in south Mumbai, at Kumra's house in Delhi and at Piyoosh Goyal's house, also in Delhi. Rs 7 lakh cash, which Kumra was supposed to deliver to Acharya, was seized. Sources said that although Acharya and Goyal have not been arrested yet, the CBI would take action in due course of time.