News Karnataka
Saturday, April 01 2023

ACB declares T N Chikkarayappa as absconder

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Bengaluru: The Anti-Corruption Bureau (ACB) has declared T N Chikkarayappa, former managing director of Cauvery Neervari Nigam, whose house was searched by the Income Tax Department officials in December first week, as an absconder. The ACB has now issued a lookout notice for the suspended official at all airports and ports. Chikkarayappa was booked by the ACB for disproportionate assets.
IT raids: Rs. 152 crore unearthed in 3 days-1According to the ACB officials, Chikkarayappa was issued notice asking him to present himself for interrogation, which he has not honoured and he is not to be found at any of his known addresses. “So we have now issued a lookout notice for him and have launched a manhunt,” the ACB official said.

S.C. Jayachandra, the other government official whose premises was search by I-T Department, was arrested by the Enforcement Directorate and the CBI, which are probing the source of the new currency notes found in his house. Chikkarayappa escaped being booked by any of these Central agencies since no new currency was recovered from his house. He is facing the disproportionate assets case.

Meanwhile, ACB sleuths on Friday took Jayachandra into their custody to probe him in the disproportionate assets case and the suspected deals and relations he had with a set of contractors.

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