CBI seals residence of insurance company manager

CBI seals residence of insurance company manager

PANAJI: The Central Bureau of Investigation (CBI), sealed the official residence of Oriental Insurance Company Limited's divisional manager in Goa on Thursday. CBI is investigating into divisional manager Mukesh Gupta's assets and properties as they had information that Gupta was maintaining a standard of living far beyond his known means.

Though there was no official confirmation, sources in the CBI said that they had a warrant to search four placesone in New Delhi and three at Goaall reportedly belonging to Gupta. CBI searched Gupta's house in New Delhi and also searched and sealed his office in Panaji, and his 146-square-metre flat at Adwalparkar Center in Caranzalem, for which he allegedly spent a fortune on the wood work, marble, tiling and lighting.

"We sealed Gupta's official residence at Models Estate, Caranzalem, on Thursday. The search of his residence will be conducted once we trace Gupta, who is out of station'," said CBI officials.

Officials said that Gupta had recently sold a well-furnished flat at Models Millennium, Caranzalem. "He spent about Rs 10 to Rs 15 lakh on the interiors. For more information, we are trying to trace the person to whom Gupta sold the flat. Besides, Gupta has also bought a plot at the Kadamba plateau," said sources.

CBI also sealed five of his bank accounts and one share trading account. Gupta has been working for Oriental Insurance Company Ltd in Goa since 1996. He was posted at Margao where he held office till 2002. At present he is in the Panaji office where he heads the insurance firm's operations in Goa.

2 May 2009, The Times of India, Goa edition