Noida: I-T raids on ex IPS officer, bins of money value a number of crores discovered

On February 1, the I-T division officers carried out a raid on the premises of a former Indian Police Service (IPS) officer in Noida Sector 50 and recovered unaccounted money value crores. The ex-IPS officer Ram Narayan Singh is alleged to be carefully related to the Samajwadi Party.
According to stories, I-T officers arrived in Sector-50 late on Sunday night and found money throughout their search. The money, which was in currencies of Rs 2,000, Rs 500 and Rs 200, was discovered stashed in over 600 lockers created in Singh’s Sector-50 residence in Noida, based on the officers. The I-T officers had to make use of financial institution counting machine to depend the money recovered from these lockers.
Rs 3 crores in money had been recovered from lockers at property of retired UP IPS officer Ram Narayan Singh in sector 50, Noida yesterday. The pvt locker enterprise was being operated within the basement. All the lockers are seized.— ANI UP/Uttarakhand (@ANINewsUP) February 2, 2022
Providing an evidence for the large sum of money recovered from his premises, ex-IPS officer Ram Narayan Singh stated that he runs a personal locker enterprise below the title Manasam Noida Vaults, and supplies personal locker amenities to clients. Denying any wrongdoing, Singh instructed reporters that he was operating “a legitimate business” of renting out personal lockers for the final 5 years and didn’t do something unlawful.
“I was told that the I-T department has come for checking of the private lockers and the search is on. I have nothing to hide as I am running a legitimate business and have several customers who are using these services,” he stated.
Ram Narayan Singh was an IPS officer of UP cadre and 1983 batch. He retired from DG rank. He is alleged to be very near the Samajwadi Party.
According to the supply, the IT division had acquired details about unaccounted money on the Noida and Ghaziabad residence of Singh. Following the tip-off, a workforce of I-T division sleuths, together with Noida Police, reached Singh’s residence on 30 January and began the searches.
IT officers, sources stated, have made an inventory of people that had been utilizing this locker facility and notices will quickly be issued to them. “It needs to be checked if these lockers are genuinely rented out by actual customers or are benami.”
I-T raid carried out on people near Samajwadi Party
It is pertinent to notice that this isn’t the primary time that a person dealing with I-T raids lately has been reported near Akhilesh Yadav. In truth, on January 4, the Income Tax Department carried out raids on the properties of actual property firm ACE Group and its promoter Ajay Chaudhary in Delhi, Noida, Greater Noida and Agra. According to the stories, Chaudhary is alleged to be an in depth aide of Samajwadi Party President Akhilesh Yadav.
Likewise, in December, the premises of a number of SP leaders and associates like Manoj Yadav in Agra, Neetu Yadav aka Jainendra Yadav in Lucknow had been raided by the IT sleuths.
The raids on fragrance baron Piyush Jain had resulted within the seizure of money value lots of of crores. It was reported that Jain is an in depth affiliate of the Samajwadi Party. Later, Samajwadi Party MLC Pushparaj Jain was raided too.
On December 22, 2021, the Income Tax (I-T) Department had additionally detected undisclosed belongings value lots of of crores of rupees from SP chief Rajeev Rai. These belongings are within the type of undisclosed incomes, bogus loans, and investments in Benami properties.  
Akhilesh Yadav has been vocal in opposition to the I-T raids and has been alleging that the BJP authorities within the Centre and UP state is focusing on him and his occasion forward of the meeting elections as a result of they’re ‘scared to lose’. UP CM Yogi Adityanath had responded to these allegations with a ‘Chor Ki Dadhi Main Tinka’ (the thief makes himself recognized) jibe.