CBI probes into disproportionate assets case against former chief of forex appellate tribunal

The Enforcement Directorate has provisionally attached a property worth Rs.1.82 crore purportedly belonging to the former Appellate Tribunal for Foreign Exchange (ATFE-New Delhi) chairman, O.P. Nahar, in connection with a disproportionate assets case registered against him by the CBI in 2009.

The CBI initially instituted a preliminary inquiry against Mr. Nahar in December 2007, during the course of which it found that as a public servant in various capacities between 1990 and July 2005 — in the Law Commission, the Defence Ministry, the Department of Telecommunication and as member and chairman of ATFE — he allegedly acquired properties worth Rs. 62.70 lakh, disproportionate to his known sources of income.

Subsequently, it was converted into a regular case and a charge sheet was filed against him in 2010.

The charge sheet alleged that Mr. Nahar acquired disproportionate assets of Rs.2.74 crore, around 663 per cent over his income from known sources. During searches, the CBI also purportedly seized an agreement to sell a South Extension-I property for Rs.1.82 crore. The agency identified 12 movable and immovable assets, including two houses, two flats and a plot, in the case.

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