A day after securing bail from the Punjab and Haryana High Court in a bribery case, Punjab Police’s Assistant Inspector General (AIG) Ashish Kapoor has been arrested by the Vigilance Bureau on Wednesday in a disproportionate assets case.
The VB has arrested Kapoor “for illegally creating immovable and movable expensive properties beyond his known sources of income in Chandigarh and Mohali cities during the last five yearsâ€.
The corruption case has been registered against Kapoor and his wife Kamal Kapoor after the allegations of acquiring unaccounted assets were proven in a vigilance inquiry.
Kapoor was brought from Central Jail Patiala on a production warrant and presented in the Mohali court, which has granted three-day police remand to Vigilance for further questioning.
A spokesperson informed that during the investigation, it was discovered that between August 1, 2017, and August 31, 2022, the accused had acquired unaccounted expensive immovable and movable assets in his name and his wife Kamal Kapoor in Chandigarh and Mohali cities, which had a market price much higher than the registered price.
Notably, AIG Kapoor had served in various districts of Punjab and the Prison Department besides the state Vigilance Bureau.
Sharing further details, the spokesperson gave details of various properties Kapoor purchased over a period of time. It was also revealed that Kapoor's wife holds a one-third share in a company called ‘Laavin Packaging Private Limited’, with an investment of Rs 15 lakhs. Ashish Kapoor had also spent lakhs of rupees on foreign trips with his family and led a luxurious lifestyle.
Additionally, during the investigation period, around 10 bank accounts were found existing in the names of Ashish Kapoor, Ashish Kapoor and Sons (HUF), and his wife Kamal Kapoor, with deposits totaling approximately Rs 65 lakhs.
Based on the fixed investigation period, it was discovered that Ashish Kapoor, Ashish Kapoor and Sons (HUF), and his wife Kamal Kapoor had a total income of Rs 2,44,64,871 from their all known sources, while their total expenditure during the same period amounted to Rs 5,60,91,650. Thus, they had spent Rs 3,16,26,779 more, which accounted for 129.3 percent of their total income.
“On the basis of the evidence obtained during the said investigation, the Bureau has registered a corruption case against him and his wife, and arrested the officer. Further investigation, in this case, was under progress,†added the spokesperson.
Punjab VB arrests AIG Ashish Kapoor for creating disproportionate assets
Thursday, 01 June 2023 | PNS
| Chandigarh
Punjab VB arrests AIG Ashish Kapoor for creating disproportionate assets
Thursday, 01 June 2023 | PNS | Chandigarh
