Vigilance officers detected assets worth 1,15,83,667 possessed by Chief Inspector-cum-I/c Director, Factories and Boilers Satyanarayand Sethi and his family members during raids conducted on Sethi’s houses at different places on Tuesday.
Prior to raids, Sethi had been caught red-handed taking illegal gratification of Rs 50,000 from Susanta Kumar Bihari, a contractor of Dhenkanal district to issue factory license for the ongoing project of Panna Cement Industries Limited.
Detected assets included a flat at Chandrasekharpur of Rs 26,62,030, three plots in Bhubaneswar of Rs 2,21,700, deposits in banks of Rs 68,30,285, LIC policy deposits of Rs 3,71,150, two two-wheelers worth Rs 90,000, gold ornaments of Rs 2,82,000, hard cash of Rs 3,04,000 and household articles of Rs 8,21,832.
Sethi was court-forwarded and remanded to judicial custody till September 7 and further enquiry regarding his assets was in progress, informed an official release.