DVAC raids against C Vijaya Bhaskar begins

Directorate of Vigilance and anti- corruption has registered disproportionate asset case against former health Minister C Vijaya Bhaskar and searches are currently going on at 43 premises linked to him in six districts – Chennai, Chengalpattu, Kancheepuram, Coimbatore, Tiruchy and Pudukkottai.

Vijaya Bhaskar was in possession of pecuniary resources and properties in the form of deposits in banks, jewels, motor vehicles, agriculture lands, house sites, insurance policies, investment in the partnership firms and buildings etc in his name and in the name of his wife and dependents to the tune of Rs 57.77 crore as on 31 March this year, said the FIR.

The former minister and his wife had received lawful sources of income as revealed in his income tax returns and election affidavits to the tune of Rs 58.64 crore during the said check period. The accused Vijaya Bhaskar and Ramya incurred expenses (in the form of living expenses, re-payment of bank loan, payment of income tax and LIC premium etc.,) to the tune of Rs 34.51 crore during the said check period. Thus, the two accused acquired pecuniary resources and properties to the tune of Rs 51.35 crore. After calculating the possible saving and other expenses and genuine income the DVAC has pegged his disproportionate income at Rs 27.22 crore.

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