nA joint team of State Economic Offences Wing (EOW) and Anti Corruption Bureau (ACB) on Tuesday raided premises of an official of Zila Sahakari Kendriya Bank in Durg district and unearthed disproportionate assets worth crores of rupees, officials here said.
The raids were conducted at the residence and office of Chief Executive Officer (CEO) of Zila Sahakari Kendriya Bank, Durg Santosh Kumar Nivsarkar based on inputs about him possessing disproportionate properties, Superintendent of Police (ACB) Manish Sharma said.
As of now, the team has unearthed movable and immovable properties worth crores of rupees including a duplex house worth around Rs 1 crore at Sindhiya Nagar in Durg, a duplex house worth Rs 1.20 crore at Saket Nagar in Durg, fixed deposit of Rs 40 lakh, investment of Rs 50 lakh in LIC, cash worth Rs 6.48 lakh from house, Rs 2 lakh in bank account, he said.
Besides, the sleuths have also unearthed gold weighing around 1 kg and 1.5 kg of silver worth around Rs 30 lakh from house and his bank locker. Moreover, Nivsarkar also possesses 3 acres of agricultural land worth around Rs 15 lakh at village Aamti, two four-wheelers worth Rs 20 lakh and a two wheelers, said the officer.
Investigation is underway to ascertain information about other bank accounts and lockers of the CEO and his relatives, he added.
The raids revealed that Nivsarkar has allegedly amassed movable and immovable assets to the tune of several crores of rupees. Though the exact amount of disproportionate assets was yet to be ascertained, he added.