The CBI has seized more than Rs 20 crore in cash during searches at the premises of Rajinder Kumar Gupta, former Chairman and Managing Director (CMD) of Central Public Sector Undertaking WAPCOS Limited.

Gupta was booked recently for amassing assets disproportionate to his known sources of income.

After registering the FIR against Gupta and his family members, Central Bureau of Investigation (CBI) teams conducted searches at his premises where Rs 20 crore in cash was seized in addition to documents related to properties and other valuables, officials said.

WAPCOS or Water and Power Consultancy Services (India) Limited, is a Central Public Sector Enterprise (CPSE) wholly owned by the Government under the administrative control of the Ministry of Jal Shakti.

Searches were conducted on Monday at around 19 locations including Delhi, Chandigarh, Gurugram, Sonipat and Ghaziabad at the residential and commercial premises belonging to the accused.

During the searches, a cash of around Rs 20 crore, incriminating documents and digital devices were recovered from the possession of the accused, they said.

During the tenure from April 1, 2011 to March 31, 2019, the accused  had possessed disproportionate assets way beyond his known sources of income.

“It was further alleged that the accused after retiring from the service had started a consultancy business in the name of a private company based at Delhi. The alleged immovable properties belonging to the accused include flats, commercial properties and a farmhouse spread across Delhi, Gurugram, Panchkula, Sonipat and Chandigarh,” the CBI said in a statement.

Searches were conducted on Monday at 19 locations across Delhi, Gurugram, Chandigarh, Sonipat and Ghaziabad at the premises of the accused which led to recovery of huge cash of Rs 20 crore, large quantity of jewelry, valuable items and incriminating documents.

Besides Gupta, his wife Reema Singal, son Gaurav Singal and daughter-in-law Komal Singal have been named as accused in the case.