Yadav Singh is accused of amassing crores worth of illegal wealth

Tightening the noose on controversial top Noida Authority official Yadav Singh, who is accused of amassing crores worth of illegal wealth, the Special Investigation Team (SIT) has urged the apex court to order a CBI probe against him.

In its third status report, submitted before the Supreme Court on Tuesday, the SIT headed by Justices M. B. Shah and Arijit Pasayat also indirectly accused the Akhilesh Yadav-led government for not taking appropriate action against Singh.

“Despite repeated reminders Uttar Pradesh government did not appropriate criminal case against Yadav Singh, CEO, Noida Authority even though a large amount of unaccounted money was found from his possession. No criminal action under prevention of corruption is being taken,” the report said.

“Suggestion was made to the CBI to hold the investigation but it was pointed out that without authorisation by the UP government, it would be difficult for the agency to carry out the investigation. Hence appropriate direction is required from the court”, the report further said.

IT sleuths had seized diamonds estimated to be worth Rs 100 crore, two kg of gold and Rs 10 crore cash were seized by income tax sleuths from Singh’s residences in November 2014.

They had also simultaneously raided about two dozen locations related to Singh in NCR and claimed to have unveiled a web of shell companies floated by the engineer ‘in fake names’.

The SIT, according to sources, had taken this case of alleged tax evasion seriously and it suspects generation of a huge amount of illegal funds here.