Busted Madhya Pradesh peon Kuldeep Yadav had assets worth Rs 3 crore

IndiaToday.in  New Delhi, September 2, 2014 | UPDATED 19:26 IST

 

He is perhaps the richest peon in the country. During raids conducted by the Madhya Pradesh Police at three of his six palatial homes in Gwalior revealed assets worth over Rs 3 crore, according to reports in a leading news channel.
The raids were conducted at 3 am on Tuesday morning. The anti-corruption police were still counting his assets at the time of revealing the figures.
Kuldeep Yadav, who is in his 40s and accused in a disproportionate asset case, has been a peon at a Cooperative Bank branch in Madhya Pradesh since 1983. He has worked in the bank for 30 years without a single promotion.
His huge assets, now revealed in the raid, can make even top executives in his bank jealous.
The Lokayukta or anti-corruption police have found documents for a duplex bungalow, five big houses, two luxury cars, cash, jewellery, insurance policies worth over 4 lakh, land and bank lockers.
Officials expect Yadav's wealth estimate to rise to above 7 crore by the time the raids are complete on Wednesday.
His assets are almost 200 per cent of his income, the report quoted senior Lokayukta official Surendra Rai Sharma as saying.
The raids were conducted after a tipoff about Yadav's undetected millions.
The accused was out of town when the raid team arrived at his doorstep.
The police said it was remarkable that such corruption went unnoticed for so many years; at a salary that is not more than Rs 20,000 a month, Yadav couldn't possibly have made more than Rs 20 lakh in his years at the bank.
This was another instance when a peon in Madhya Pradesh got busted in a major disproportionate asset case. Three years ago, Narendra Deshmukh was arrested by Madhya Pradesh Lokayukta police for amassing wealth disproportionate to his income.