Income Tax department conducts raids at Kripashankar’s residence

During the past 18-months Santacruz Patrika has been regularly reporting on the alleged Kripashankar scandals and disproportionate assets in his wife and sons names. Some of the earlier articles reported by this publication are - 'Will Kripashankar tide over alleged involvement of Rs 4,000 crore scam' dated 18-24th July, 2010; 'Will Kripa be relinquished of Mumbai Chief post dated 8-14th August,2010'; 'Kripashankar suffers a further setback in scam probe' dated 19-25th December,2010; 'HC asks for speedy inquiry into Kripashankar's alleged disproportionate assets' dated 6-12th March,2011.
Mumbai’s chief of Congress and Kalina’s MLA Kripashankar Singh, for the past two years has been entangled into a heap of controversies. In a latest development in the 2G scam money trail, it has come to light that DB Realty promoter Shahid Balwa had paid Rs 4 crore to the son of a prominent Congress leader. Reports today said referring to documents in possession of RTI activist Sanjay Tiwari that the telecom and real estate company paid Rs 4 crore to Mumbai Regional Congress Committee chief Kripashankar Singh's son, Narendramohan Singh. The money is reported to have paid the money in three instalments in 2009. "The money received from DB Realty was part of a business transaction but was returned in March 2010 as the deal did not materialise. All the transactions are reflected in books of accounts and income tax returns," said Narendramohan. Dynamix Realty has issued a statement in this regard. "Dynamix Realty had given a loan to Mr. Narendra Mohan Singh which has been repaid to the company on 12th March 2010." Income Tax department also conducted raids at Kripashankar’s residence today. Tiwari had on March 18 filed a PIL in the Bombay High Court in connection with the case. The HC has ordered the Enforcement Directorate, the Income Tax Department and the Anti-Corruption Bureau to probe Kripashankar Singh and submit a report within 4 weeks.
Last year raids were conducted by the Income-Tax department and the Enforcement Directorate into Kripashankar’s alleged involvement of the Rs 2,000-crore Madhu Koda scam. Investigators are examining, among his other assets, savings bank accounts of his family that show disproportionately large transactions between 2006-07 and 2008-09, and several discrepancies in documents that suggest forgery.
Eight savings bank accounts of his family members and close associates are under the scanner. Three of these accounts show cash deposits and transfers of nearly Rs 65 crore in two years by Kripashankar’s wife Maltidevi Singh and son Narendra Mohan Singh. These transactions unearth at a time when Kripashankar was All-India Congress Committee (AICC) observer for Jharkhand, exactly when Koda, an independent MLA then, was sworn in CM with Congress support. Further, at that time his son, Narendra Mohan married Ankita, daughter of Jharkhand politician Kamlesh Singh, in April ’08. Ankita’s dad Kamlesh Singh was then water resources minister in the Koda government and is a key accused in the scam.
Both Koda and Kamlesh Singh were arrested; the Jharkhand vigilance bureau filed preliminary charge sheets against them for holding assets disproportionate to known sources of income. Kamlesh Singh’s assets were estimated at nearly 130 per cent more than his sources of income. However, it is alleged that a considerable sum of scam money may have been diverted through his daughter, son-in-law and the latter’s father. Also, on investigations it is revealed that the Koda diary, incidentally, mentions a “Kripashankar a/c” with several entries against it. Kripashankar has denied it was him, but investigators have placed him and his family under scrutiny.
Kripashankar’s family owns properties in projects executed by one of the real estate companies which deposited huge amounts into his son’s account; the company also has infrastructure projects in Jharkhand. Also, there was a sudden rise in the wealth and property acquisitions of the Kripashankar family in Mumbai during the years Koda held sway in Jharkhand (first as mines minister in the Arjun Munda-led BJP regime, and later as CM). This includes a large duplex apartment near Mumbai airport, a bungalow on Bandra’s Carter Road, known as one of the costliest property prices of real estate in Mumbai, office spaces and shops at key locations in projects by either of the two real estate companies associated with the family, and land in Maharashtra and Uttar Pradesh.
The PIL, filed early this year by social worker and RTI activist Sanjay Tiwari, had linked Singh with the Madhu Koda scandal and raised questions about his assets. The petitioner was represented by senior counsel Mahesh Jethmalani and Mihir Desai. The petitioner contended that in 2006 when Singh was an AICC observer for Jharkhand, he was instrumental in installing the Madhu Koda government. Koda was arrested along with his then ministerial colleague Kamlesh Singh. Incidentally, Kamlesh Singh's daughter Ankita is married to Kripashankar's son Narendra alias Sanjay Singh.
He also pointed out that Singh used chartered flights often and it was "obvious that large sums of money were paid for this purpose and this needs to be investigated". The petitioner further alleged that he has not declared his wife's property details when he stood for elections in 2009. The petition alleged that Singh's daughter Sunita has two ration cards and her husband Vijay Kumar Singh was a resident of UP and a government employee there till April 1997. Yet, Vijay Kumar was allotted a house in Maharashtra in joint name from CM's discretionary quota on the basis of fake documents.