Mulayam Singh Yadav Asset Taken By CBI

mulayamNew Delhi: The Central Bureau of Investigation (CBI) on Friday filed the closure report in the disproportionate assets case against Samajwadi Party chief Mulayam Singh Yadav.

TV reports quoted the investigation agency as saying that a transparent probe had been conducted in the case and a press release would soon be issued in the regards.

Sources said earlier said that the CBI failed to gather conclusive evidence against the former Uttar Pradesh chief minister and therefore ended its probe.

Reports stated that during re-investigations, Yadav’s chartered accountants managed to explain every asset which was under the scrutiny of the agency.

CBI sources further stated that the SP chief produced enough evidence showing that the assets grew during 1993-2005 because of loans from relatives which were later claimed to be the gifts.

A CBI probe was ordered by the Supreme Court on March 1, 2007 into the alleged accumulation of disproportionate assets by the Yadav family, on a PIL by advocate Vishwanath Chaturvedi.

The agency filed a status report in 2007 alleging that the Yadavs owned had an income of Rs 6.23 crore while expenditure was Rs 4.45 crore but they managed to acquire assets worth Rs 4.41 crore and hence Rs 2.63 crore worth of assets were disproportionate to their declared sources of income.

The sources said of the Rs 2.63 crore of alleged disproportionate assets which were inquired by the agency between 1993-2005, nearly Rs 1.4 crore are in the name of Akhilesh Yadav’s wife Dimple which had weakened the case.

Last December, the Supreme Court had directed the CBI to go ahead with the probe against Mulayam and his sons Akhilesh and Prateek but dropped the probe against Dimple saying that she was not holding any public office and was only a private person.

Exclusion of Dimple changed course of investigation as allegedly unexplainable assets were in her name, the sources said, adding that the ruling weakened the case.