An Assistant Commissioner of Income Tax, arrested for allegedly amassing assets disproportionate to his known sources of income, was on Wednesday produced in a special CBI court which sent him in police custody till February 7.
Gopal Sharma and his chartered accountant Salil Lodha were arrested by the CBI on Tuesday in the disproportionate assets case filed on October 13, 2008.
While seeking his remand, CBI officials said Sharma had illegally amassed wealth to the tune of approximately Rs 1.10 crore between 2001 and 2004.
Lodha had allegedly aided Gupta transfer the funds obtained illegally into the bank account of the income tax officer's wife, Neha, using cheques issued in the names of dummy companies, they said.
The funds in Neha's account were allegedly used to carry out transactions in the share market, they said.
Lodha had transferred funds using cheques of accounts that allegedly belonged to illiterate and poor persons and two firms Euro Impex and Shivam Exports, CBI officials said.
The owner of Euro Impex did not know of Neha Sharma while Shivam Exports was a dummy company with no operations, they told the court.
{{/usCountry}}The owner of Euro Impex did not know of Neha Sharma while Shivam Exports was a dummy company with no operations, they told the court.
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