The Hindu : IT officials to assess Ranjit Singh's assets

Online edition of India's National Newspaper
Friday, Nov 28, 2003

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National

IT officials to assess Ranjit Singh's assets

By K. Balchand

PATNA Nov. 27. The Income Tax Department has decided to assess the assets of Ranjit Singh in the wake of his alleged involvement in the leakage of the question paper of the Combined Admission Test(CAT), and file a disproportionate assets case against him if his income tax returns were found to be false.

The Chief Commissioner of Income Tax, Bihar, Ashutosh Singh Thakur, maintained that the probe would be carried out in cooperation with the CBI which nabbed the don red-handed on Sunday last. He has asked the Director (investigation) IT, Bihar and Jharkhand, Vijay Sharma, to conduct the probe.

The IT would be seeking information from its offices in metros such as Mumbai and Delhi on Dr. Singh's property under their jurisdiction, besides carrying out a similar exercise in Bihar.

The officials would assess the same in the light of the IT returns that Dr. Singh had filed during the last six years.

The IT officials would first ascertain whether Dr. Singh had actually filed his returns or not and seek the cooperation of the CBI to pinpoint his assets across the country.

He not only has a palatial house in his native village in Hilsa in Nalanda district but plush mansions in the two metros besides a pharmaceutical firm in Maharashtra.

According to Mr. Thakur, similar probes would also be carried out against the associates of the alleged kingpin identified by the CBI.

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