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HT- IT crackdown on Noida engineer worth Rs 1,000 Cr

Sat, Nov 29, 2014, 12:03 PM
Income Tax raids have revealed a shocking story of an engineer from Noida who is worth Rs 1,000 crore. Dozen bank accounts, 2 lockers, 40 shell companies, 2 lavish houses and apartments are the assets of this Government employed engineer whose salary is Rs. 70000 PM. He is working as chief engineer of Noida authority and lives at sector 51, Noida. Yadav Singh's house itself is worth Rs. 50 crore, with a swimming pool, a lift and public garden taken over by him. He drives a BMW. He uses official power to allot government land to the shell companies. He sells the companies and gets paid for real estates and other assets.
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