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JAMMU, Jul 2: Anti-Corruption Bureau (ACB) sleuths yesterday arrested former Managing Director (MD) of the SICOP turned wealthy industrialist and transporter, Bhupinder Singh Dua in disproportionate assets case.
Giving details, official sources told the that Bhupinder Singh Dua, former MD SICOP has amassed huge wealth and raised a number of assets in his own name as well as in the name of his family members/close relatives. He had acquired these assets with the ‘ill-gotten money’, earned through corrupt practices during his stint in SICOP in various capacities.
Officials further revealed that during earlier search conducted on October 14, 2019 by ACB team, valuable assets worth crores were recovered and seized from his premises. This included golden ornaments total weighing 1.834 kg, silver weighing 1.470 kg and cash amounting Rs 9,57,400/-.
“During ongoing investigation, it was established that B.S Dua has also acquired 12 factories under different names and style established by him and his family members. Names of his few factories are- M/s Modern Plastics, M/s Neptune Plastics and Modern Fabrications,” official added.
“Not only this, he and his family members have purchased a large number of goods carriers/ trucks out of this illegally amassed money. He also owns two houses and two large plots besides four luxury vehicles,” sources added.
“The retiree public servant has also raised a double storey palatial house in Posh Nanak Nagar area of Jammu over a piece of land measuring about 2 kanals, which clearly indicates that the accused is having property disproportionate to his known sources which has been acquired by him through illegal and corrupt practices during his service career,” official revealed.
“The accused was given ample time and opportunity to provide details of the assets/properties acquired by him but he did not cooperate. He was taken into custody today by the Anti-Corruption Bureau and placed under sustained questioning regarding total assets acquired by him and his family. Further investigations is going on,” the official added.
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