The Enforcement Directorate (ED) will take possession of movable properties worth Rs 6.26 crore of suspended IAS couple — Arvind Joshi and Tinoo Joshi — from Madhya Pradesh. The properties include cash, insurance policies and money deposited in bank accounts.
The adjudicating authority under the Prevention of Money Laundering Act has confirmed the provisional attachment order passed by the ED in this regard. The income tax department had raided the couple's house in February 2010.
Arvind and Tinoo Joshi, both 1979 batch MP cadre IAS officers, were serving as principal secretaries in the state government when the raids took place.
After hearing arguments of ED advocate Subhash Bansal, the adjudicating authority held that Arvind and his wife Tinoo failed to account for assets found in their possession. The authority agreed the ED’s apprehension that Arvind may get his properties released after paying income tax and they can be transferred.
However, K Raamamoorthy, a member of the adjudicating authority, observed in his order that it is most likely that Arvind had invested the proceeds of ill-gotten wealth in his children's name. If so, is it fair to hold them responsible for the deeds of their father, he asked.
Raamamoorthy said Iasshan and Asmi, the children, didn’t appear before the authority as they were studying in the US. He directed the ED to remove the names of the children from the list of defendants. He has raised doubts about involvement of Tinoo Joshi in the matter as well.