https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

CBI Launches Extensive Search Operation in Disproportionate Assets Case Involving IRS Santosh Karnani

The CBI has alleged that Karnani, along with his wife Aarti Karnani, illicitly acquired assets far beyond their legitimate income.
Indian Masterminds Stories

Jaipur, Ahmedabad, Gandhinagar: The Central Bureau of Investigation (CBI) carried out a series of raids on Thursday at 11 locations across Jaipur, Ahmedabad, and Gandhinagar in connection with an ongoing investigation into a disproportionate assets (DA) case involving Santosh Karnani, a 2005-batch Indian Revenue Service (IRS) officer and former Additional Commissioner of Income Tax.

The CBI has alleged that Karnani, along with his wife Aarti Karnani, illicitly acquired assets far beyond their legitimate income. Searches were conducted at the residential and office premises of the accused officer and several of his associates.

Allegations of Illicit Enrichment

According to the CBI FIR, Santosh Karnani and his wife are accused of possessing unexplained assets worth Rs 1.31 crore, which is a staggering 156.24% more than their declared legal income. Investigators believe that the couple accumulated wealth by exploiting their official positions, with illicit funds being invested in properties across Jaipur, Ahmedabad, Gandhinagar, and Mumbai.

The agency further alleges that Aarti Karnani actively abetted in acquiring these properties. The ongoing investigation includes a search and seizure operation aimed at uncovering incriminating documents and digital evidence linked to the accused.

Search and Seizure Operation

The CBI’s operation included raids at multiple locations including residential homes and offices. As per CBI officials, several documents and digital devices have already been seized from the premises of the accused. Investigators are continuing their efforts to unearth additional evidence and trace further financial irregularities.

A CBI spokesperson stated, “The ongoing searches are part of a comprehensive investigation into the financial activities and asset accumulation of the accused couple.”

Background and Prior Investigations

Santosh Karnani’s name first came under scrutiny in October 2022, when the Gujarat Anti-Corruption Bureau (ACB) raided his office at the Income Tax Department in Ahmedabad. Karnani allegedly created a ruckus during the proceedings and managed to escape, which raised suspicions about his involvement in corrupt practices. The CBI later took over the case from the ACB.

In September 2023, the CBI filed an additional FIR against Karnani concerning his alleged involvement in a Rs 30 lakh bribery case. The CBI claims that Karnani provided confidential information to a builder to help him win a case at the Income Tax Appellate Tribunal (ITAT) in exchange for land at a significantly reduced price.

Further investigations revealed that Karnani’s wealth had grown considerably under questionable circumstances, prompting the initiation of the disproportionate assets investigation.

Ongoing Investigation

The CBI is scrutinizing the financial transactions and property records associated with the accused to uncover the full scope of the alleged corruption. The agency is actively pursuing leads and gathering more evidence to understand the extent of the illicit wealth accumulation and its connection to Karnani’s official duties.

This case highlights the CBI’s continued efforts to tackle corruption within the Indian Revenue Service, with a focus on identifying and prosecuting officials who have misused their positions for personal gain.

This operation comes as part of the CBI’s wider crackdown on financial irregularities involving high-ranking public officials, showcasing the agency’s commitment to upholding transparency and accountability in government institutions.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
okra producer
Gujarat Emerges as India’s Top Okra Producer; Saurashtra–Kutch Drives Horticultural Growth
Gujarat Cabinet
Gujarat Govt Approves Indian AI Research Organization at GIFT City with Rs 300 Crore Funding
cochin shipyard1
Leadership Continuity: Cochin Shipyard Extends Tenure of Madhu Sankunny Nair as CMD Until January 2026
hal Dhruv NG helicopter
HAL Achieves Milestone with Inaugural Flight of Dhruv New Generation Helicopter, Enters Civil Aviation Sector
Indian-Economic-Service IES Officer
25 IES Officers of 2013 Batch Granted NFSG, Eligible for Director-Level Redesignation
Powergrid1 Power Grid
POWERGRID Wins 150 MW / 300 MWh Battery Energy Storage System Project at Kalikiri, Andhra Pradesh
PMO-building
ACC Clears Major Senior-Level Bureaucratic Reshuffle; Key Secretary and Additional Secretary Appointments, Aneeta C Meshram to President’s Secretariat
NBCC
NBCC Completes E-Auction of 417 Residential Units Worth Over ₹1,045 Crore in Greater Noida and Noida
ADVERTISEMENT
ADVERTISEMENT
Videos
Venu Rajamony
A President, a Teacher, a Father Figure: Venu Rajamony on Working with Pranab Mukherjee
Venu Rajamony
From Newsroom to The Hague: The Many Lives of Diplomat Venu Rajamony
Shakeel Maqbool
When Numbers Guide Governance: The Story of ICAS Officer Shakeel Maqbool
ADVERTISEMENT
UPSC Stories
UPSC Toppers 2016 to 2020
Failures, Fear, and Triumph: The Untold Journeys of India’s Youngest UPSC Rank 1 IAS Toppers (2016–2020)
Discover the journeys of UPSC Rank 1 toppers—Durishetty Anudeep, Nandini KR, Kanishka Kataria, Pradeep...
UPSC Rank 1 Toppers 2011 to 2015
Five UPSC Rank 1 Toppers, Five Different Paths: How IAS Officers from 2011–2015 Found Their Way
Discover the journeys of UPSC Rank 1 toppers from 2011 to 2015—Shena Aggarwal, Haritha V Kumar, Gaurav...
UPSC Toppers 2006 to 2010
Not Born Toppers: When Dreams Were Tested, Resolve Was Proven – The Making of UPSC Rank 1 (2006–2010)
From humble beginnings to UPSC Rank 1, these 2006–2010 toppers—Mutyalaraju Revu, Dr. Adapa Karthik, Shubhra...
Social Media
venomous banded krait
Rare Night Encounter: IFS Officer Spots Highly Venomous Banded Krait During Forest Patrol, Internet Amazed
An IFS officer’s night patrol video of a highly venomous banded krait has gone viral, highlighting India’s...
elephant rescue Karnataka
Heroic Karnataka Elephant Rescue: How a 28-Hour “Impossible Mission” Became a Triumph of Wildlife Care, IFS Parveen Kaswan Shares Video
A trapped elephant was rescued after 28 hours in Karnataka through a massive, expertly coordinated Forest...
IFS leaf-whistling viral video
IFS Officer Shares Video of Tiger Reserve Guide’s Leaf-Whistling Talent, Internet Tries to Guess the Tune
Jaldapara National Park Guide Shows Extraordinary Leaf-Whistling Skills, Goes Viral
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
okra producer
Gujarat Emerges as India’s Top Okra Producer; Saurashtra–Kutch Drives Horticultural Growth
Gujarat Cabinet
Gujarat Govt Approves Indian AI Research Organization at GIFT City with Rs 300 Crore Funding
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
Venu Rajamony
Venu Rajamony
Shakeel Maqbool
ADVERTISEMENT
ADVERTISEMENT