Rags to riches story; Cong chief's assets worth Rs 320 cr

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Kripashankar Singh
Mumbai, Mar 1: Congress' woes continue unabated when the Enforcement Directorate decided to initiate an inquiry into the disproportionate assets of Maharashtra Congress chief Kripashankar Singh. The ED ordered an inquiry after the Mumbai police lodged an FIR against him as per the Bombay High Court's orders.

As per reports that appeared in certain media channels, Kripashankar's family owns as many as 22 bank accounts. There are reports suggesting that his son's Samata Sahakari Bank account number 18966 witnessed a steep rise of Rs 60 crore between 2007 and 2009. But official records show that Singh does not have any known sources of income.

Kripashankar's wife is also in the ED radar with her I-T report showing that in 2004-05 her taxable income was zero and the income from agricultural land was Rs 69,000. However a few years down the line, her taxable income swelled to over Rs 11,60,214. Also, her claims of agricultural income was Rs 75,000 and Rs 1,28,000 in 2005 and 2008, while in actuality it was over Rs 25,91,189 and Rs 1,35,68,333, according to the Tax department.

The Maharashtra Congress chief is being probed in an alleged Rs 320 crore disproportionate assets case. Only last week the High Court had directed the police to file an FIR against Kripashankar and family and attach the properties of the family. He also had o step down from the Cong chief post following the HC order. The police will have to submit its report on Apr 19,

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