I-T recovers Rs 100 crore diamond, Rs 10 crore cash from Noida chief engineer's residence
I-T recovers Rs 100 crore diamond, Rs 10 crore cash from Noida chief engineer's residence
The raid revealed that the official had floated several shell companies.

Noida: The Income Tax department has recovered diamonds worth Rs 100 crore, 2 kilos of gold and Rs 10 crore in cash from the residence of tainted Noida chief engineer Yadav Singh.

Raids were carried out at two dozen locations in NCR simulatenously. It revealed that the official had floated several shell companies. It also found Rs 10 crore in cash stashed in a car outside Singh's house.

The illegal assets recovered comes as a huge embarrassment for the Akhilesh Yadav government.

Singh had been accused in another case and had been declared an absconder in 2012. But in 2013, the state government reinstated him and even gave him additional charge as Chief Engineer of Greater NOIDA and in charge of Yamuna Expressway Authority.

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