A special Central Bureau of Investigation (CBI) court has convicted former income tax officer Rakesh Jain in a case of disproportionate assets (DA) that the bureau had pursued after his arrest in a ₹50,000 graft case in 2013, officials said on Wednesday.
The quantum of sentence in the latest case will be pronounced on March 24.
On February 6, 2013, Rakesh was caught red-handed while accepting a bribe of ₹50,000 from a local businessman in Sector 20. His mother Kanta Jain was also an accused in the case, but she died during the trial.
The trap to catch Rakesh was laid on the basis of a complaint filed by Ashok Arora. Rakesh was arrested from his Sector-22 residence with the bribe money. Arora, who had a real-estate firm in Sector 22, was served a notice by the income tax department. He met Rakesh, who offered to settle the matter in exchange of ₹3.5 lakh and the deal was later finalised at ₹2.5 lakh. Following this, Arora approached the CBI and the trap was laid.
During the investigation, the CBI recovered two gold bricks (1kg each) and documents pertaining to investment in shares amounting to ₹60 lakh among other items from his residence. The sleuths had also recovered another 1kg gold brick, gold coins, and jewellery weighing 500gm from Rakesh’s lockers in Bank of Baroda and State Bank of Patiala.
{{/usCountry}}During the investigation, the CBI recovered two gold bricks (1kg each) and documents pertaining to investment in shares amounting to ₹60 lakh among other items from his residence. The sleuths had also recovered another 1kg gold brick, gold coins, and jewellery weighing 500gm from Rakesh’s lockers in Bank of Baroda and State Bank of Patiala.
{{/usCountry}}While Rakesh was sentenced to four-year rigorous imprisonment in the graft case, the CBI had launched a separate inquiry against him after the recovery of valuables.
A chargesheet in the DA case was filed in 2015. His wife Suneet Jain was also treated as an accused in the case. Proceedings against Kanta Jain were dropped after her deaths in 2014.
The court of special judge, CBI court, Jagjit Singh, convicted Rakesh for offences punishable under sections of the Prevention of Corruption Act. His wife, meanwhile, has been acquitted.