15 hrs ago
CBI Alleges Former Railway DRM Held ₹2.19 Crore Assets
The CBI is investigating former railway officer Saurabh Prasad.
It says he had about ₹2.19 crore more in assets than his known legal income could explain.
The agency examined his income, spending and assets from 2021 to 2024.
Prasad held several senior railway positions, including DRM of the Waltair Division.
Searches at his home reportedly found foreign money, gold coins, jewellery and documents.
He had previously been arrested in an alleged ₹25 lakh bribery case.
The CBI has charged him under India’s anti-corruption law.
These are allegations, and the articles do not report a final court decision.
The CBI registered a disproportionate-assets case against former East Coast Railway DRM Saurabh Prasad.
The agency alleges Prasad held ₹2.19 crore in assets beyond his known legal income between 2021 and 2024.
CBI records listed assets of ₹5.41 crore at the end of the review period, against ₹1.04 crore at its beginning.
Searches reportedly recovered foreign currencies, gold coins, gold and silver jewellery, and financial documents linked to Prasad and his family.
Prasad was arrested in November 2024 in a separate alleged ₹25 lakh bribery case, according to one report.
- Who
- The Central Bureau of Investigation has accused former railway officer Saurabh Prasad.
- What
- The CBI registered a disproportionate-assets case alleging that Prasad possessed ₹2.19 crore beyond his known legal income.
- Where
- The case concerns Prasad’s railway postings, including the Waltair Division in Visakhapatnam; he is also described as a Chembur resident.
- When
- The alleged enrichment period was from 2021 to November 2024; one report specifies April 2021 to November 2024. Prasad was arrested in November 2024 in an alleged bribery case.
- Why
- The CBI alleges that Prasad illicitly accumulated assets while serving as a public official.
Key facts
- Accused
- Saurabh Prasad, former Divisional Railway Manager of East Coast Railway’s Waltair Division
- Alleged disproportionate assets
- ₹2,19,07,575, or approximately ₹2.19 crore
- Review period
- 2021 to 2024; one report gives April 2021 to November 2024
- Assets at start of period
- ₹1,04,44,008.31
- Assets at end of period
- ₹5,40,74,604.31
- Reported recoveries
- Dollars, euros, Mauritius rupees, francs, gold coins, gold and silver jewellery, and documents
- Earlier arrest
- November 2024, in an alleged ₹25 lakh bribery case
- Law invoked
- Relevant provisions of the Prevention of Corruption Act
Sources
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