ASSETS WORTH OVER RS 3.39 CRORES UNEARTHED IN HOUSE SEARCH OF CHIEF ENGINEER-CUM-CHIEF ELECTRICAL INSPECTOR, SAMBALPUR, DIST-SAMBALPUR.

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Cuttack,14/2/2022 ( Odisha Samachar )- On the allegation of possession of assets disproportionate to the known sources of income, simultaneous house searches have been launched on the properties of Sri Sunil Kumar Panda, Chief Engineer-cum-Chief Electrical Inspector, Sambalpur, Dist-Sambalpur at 4 places in Sambalpur and Khordha district i.e;

• Residential building at Flat No.201, Block-A, Green Park Residency, Sambalpur.
• Parental house in Flat No.203, Block-A, Green Park Residency, Sambalpur.
• Flat No.H-022 of the Cosmopolis Project at Khandagiri, Bhubaneswar, Dist-Khordha.
• Office chamber at office of Chief Electrical Inspector, Western Zone, Sambalpur, Dist-Sambalpur.

4 teams of Odisha Vigilance led by 2 DSsP, 9 Inspectors, 2 ASIs and other staff conducted the search on the strength of Search Warrants issued by the Hon’ble Court of Special Judge, Vigilance, Sambalpur.

During house searches so far, the following assets worth over Rs. 3.39 Crores have been unearthed as listed below;

• One 3 BHK Flat No.201, Block-A, Green Park Residency, Sambalpur, preliminary valuation of which is approx Rs.64.21 lakhs. However, Technical Wing of Odisha, Vigilance will carry out detailed assessment of its value, which may increase further.
• 2 plots in Ainthapali under Sambalpur town. Undervaluation of the plots during registration is suspected. A thorough probe has been initiated in this regard.
• One shop booked in Grand Bazar, Bhubaneswar, the cost for which paid to the owner-Rs.1,04,71,428/-.
• One plot booked with M/s Assotech Builders, the cost for which paid to the owner, M/s Assotech Sungrowth, Bhubaneswar-Rs.61,65,000/-
• Bank deposits worth over Rs.32.04 lakh.
• Insurance deposits worth Rs.19.80 lakh.
• Investment in Mutual Fund worth over Rs.16.28 lakh.
• 1 four wheeler worth over Rs.17.41 lakh (KIA Seltos G 1.4DCT GTX) and 1 two wheeler.
• Household articles, gold ornaments, cash and other movable and immovable properties worth over Rs.15.77 lakh.

 Unearthing of more assets is likely and overall valuation is likely to increase.

 Further searches are continuing.