Chhattisgarh: Tainted IAS officer has Rs 253 cr illegal money
Babulal Agarwal, a 1988 batch IAS officer is said to have 473 bank A/Cs, LIC policy of Rs 85 lakh.
New Delhi: Babulal Agarwal, a 1988 batch IAS officer belonging to the Chhattisgarh cadre, is said to have amassed Rs 253 crore of illegal money in 473 different bank accounts, according to a news report by a private TV channel.
Adding to the shock, the report disclosed that the Chhattisgarh government was aware of this tainted ‘Babu’ and was allegedly protecting him from getting arrested.
In the last 11 years he set up 30 companies and has a life insurance policy worth Rs 85 lakh in his son`s name. Agarwal was raided by the vigilance and the Income Tax department in February 2010, suspended and then reinstated.
The Income Tax department had submitted a report to the Chhattisgarh government in January 2011 and had recommended Agarwal`s removal but the government failed to take any action against him.
"The I-T dept has made suggestions to the Chief Secretary and asked for action. We will take a decision based on the report," Chhattisgarh Chief Minister Raman Singh said.
Agarwal is not new to controversy as the Income Tax department raided his house in 2008 as well after his son`s name surfaced in an insurance scam.