After uncovering wealth valued at a whopping Rs. 360 crore from suspended Madhya Pradesh cadre IAS officer-couple Arvind Joshi and Tinoo Joshi last month, the income tax (IT) department on Thursday froze 77 of their bank accounts and attached their properties.
The move was aimed at preventing the 1979-batch IAS officers from disposing of properties or operating bank accounts till the various agencies complete investigations against them in the wake of the raids at their residence in Bhopal on January 17-18.
The Enforcement Directorate is investigating the case under the Prevention of Money Laundering Act 2002 and the state Lokayukta has initiated investigations under the Prevention of Corruption Act.
The probes are based on a 7,000-page appraisal report on the Joshis’ ill-gotten wealth submitted by the IT department sleuths after the raids.
In the report, IT officials have listed details of the couple's investments in areas ranging from agriculture to real estate to the stock market.
The IT department had first raided the Joshis on February 4 last year. At that point, Rs. 3 crore in cash was recovered from their residence, and they were suspended from service.
This is probably the biggest amount of “wealth disproportionate to known sources of income” detected from any IAS officer in the country.