Nanda case: CBI finds IRS officer’s money trail
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The CBI Friday filed a chargesheet against Indian Revenue Service officer Ashutosh Verma for allegedly diluting Income Tax appraisal of companies of arms dealer Suresh Nanda, who is also an accused along with his son Sanjeev and chartered accountant Bipin Shah.
After four-year-long investigations, the CBI claimed to have pieced together the money trail of a part of the Rs 4.4 crore bribe allegedly received by Verma in lieu of his "services". The chargesheet accuses him of using the money to buy prime property near the beach in Morjim, Goa, for Rs 4.25 crore, through some Kolkata links. The property was purchased in the name of Nitya Resorts Pvt Ltd, registered in New Delhi.
The CBI received the sanction to prosecute Verma Thursday night. He was the deputy director of Income Tax (Investigations) when he handled the Nanda case and allegedly helped dilute the arms dealer's tax liability of "more than Rs 600 crore". He is currently posted as joint director.
Nanda has also been named by the CBI in FIRs in two big defence deals — the import of Barak missiles and supply of Armoured Recovery Vehicles. The son of former Navy chief S M Nanda, Nanda, son Sanjeev, Shah and Verma were first raided by CBI in March 2008.