“At the end of the evaluation and comparison, it was found that Gaikwad and his wife jointly have real estate, jewellery, and bank balance worth a total of Rs. 2.77 crore. The assets are worth 882.69 % more than the income that Gaikwad has earned as a government servant, excluding one-third for daily expenses,” the officer said.
Gaikwad was called in for questioning and was asked to account for the difference between the value of his assets and his income. When he could not provide a satisfactory explanation, the ACB on Monday registered a disproportionate assets case against Gaikwad and his wife Manisha under the PC Act.
ACB sources said Gaikwad’s DPA was among the highest registered against a government servant in recent times. Till earlier this year, police sub inspector Daya Nayak held the record for the highest DPA registered by the Mumbai ACB, which was 1,000%. The record was broken by Nationalist Congress Party leader Chhagan Bhujbal earlier this year, whose assets were valued at 7,000% more than his known sources of income.
Sourced from agencies, feature image courtesy: www.newstracklive.com
