MP bank peon owns 5 houses, 2 cars and more

A man working as a peon for the past 31 years at a district cooperative bank owns five houses in Gwalior, land in Uttar Pradesh, two cars and more, all valued at more than Rs 4 crore, Lokayukta has found.

A man working as a peon for the past 31 years at a district co-operative bank owns five houses in Gwalior, land in Uttar Pradesh, two cars and more, all valued at more than Rs 4 crore, Special Police Establishment of Lokayukta has found.

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The details of these assets, quite disproportionate to his even current salary of Rs 20,000 a month, were unearthed by the anti-corruption ombudsman during a raid early Tuesday morning on the residence of Kuldeep Yadav.

Yadav lives in a three-storeyed house in Purshottam Vihar Colony along with his family. Three of the houses are located in Hanuman Nagar and a duplex is under construction in Ohadpur.

The Lokayukta police said that Yadav owns 15 bighas of land in Tundla area of Uttar Pradesh, a flat in the town besides an SUV and a car.

The officials also recovered documents related to a plot of land near Gwalior, a licensed pistol, jewellery worth Rs 4 lakh and the papers suggesting Rs 5 lakh paid in insurance premium.

Yadav had gone on a visit to a religious place in Rajasthan when the house was raided on a tip-off by an anonymous caller.

Lokayukta deputy superintendent of police Surendra Rai Sharma said a bank locker in Yadav’s name, which is yet to be opened, might also reveal more details about other assets in his possession.

Yadav had not been promoted even once since he joined the bank as a peon in 1983. His total income from the salary and other known sources is estimated to be between Rs 15 lakh and Rs 17 lakh.

An official, who is part of the investigation, said on the condition of anonymity that Yadav was believed to be close to some politicians and had amassed wealth through unfair means and practices, which had made him unpopular among his colleagues and bosses.