India’s Federal Agency, The CBI, Probes Retired Indian Navy Captain Over $360,000 In Unexplained Wealth

India’s Central Bureau of Investigation (CBI) has registered a case against a retired Indian Navy Captain on charges of having unaccounted assets worth more than 3 crores or $360,000.

According to a CBI officer, the retired captain was involved in corrupt practices and acquired immovable assets disproportionate to his known sources of income.

The accused had joined the navy as a sub-lieutenant on July 1, 1989, and rose to the rank of captain on August 6, 2016, before retiring in 2024.

During his service, he held many important positions at the Directorate of Network Centric Operations, HQ Strategic Forces Command, Naval Dockyard, Mumbai; the Directorate of Quality Assurance (Naval) Cell in BHEL; and the National Security Council Secretariat & Directorate of Naval Design.

Most of these assets were procured between 2010 to 2020, a period when he served as a commander and then captain in the Indian Navy.

In this decade, his family’s total assets increased from around 2.5 crores to almost 7 crores, with immovable properties doubling in number.

The CBI took into consideration his wife’s and two sons’ income and expenses, and said that assets worth 3.18 crore could not be explained, which led to an FIR under the Prevention of Corruption Act.

The FIR mentioned that the accused had built a farmhouse in 2011, and the expenditure on its construction and maintenance had not been added along with movable assets like vehicles and expenses incurred on his children’s education, which had also not been factored into the calculation.

Hence, the amount of disproportionate assets will increase as the investigation proceeds, a CBI official said.