Bhopal: Suspended IAS couple Arvind Joshi
and Tinu Joshi had allegedly carried out transactions in share
market worth over Rs 300 crore, sources in Income Tax
department here said on Saturday.
Market regulator SEBI provided details of the
transactions carried out by the couple between August 2007 and
February 2010 to the IT department yesterday, the sources
In the purchase and sale of the shares, a local broker
Sandeep Chadha had helped the couple who too had been grilled.
The IT department, during raids at the couple`s
residential premises in February this year, had sought
information from SEBI after it found documents pertaining to
share transactions worth Rs 130 crore carried out by the duo.
Joshis could not be contacted for their version on the
issue as they did not answer the calls.
The raids were conducted at the residence of the then
Principal Secretary Joshi and Tinu, retired IAS officer M A
Khan, two Executive Engineers and private insurance company
officials and agents among others.