I-T Officials Baffled, Why Rs 100-Crore Owner Lived In A Dilapidated Quarter

Patna/Dhanbad/Ranchi, Nov 25: Income Tax sleuths stumbled upon a huge cache of nearly Rs 100 crore assets this week concealed by a contractor working for Bharat Coking Coal Ltd in Jharia and Dhanbad coal mining areas.

But the most surprising thing was that the man in question, Lal Bahadur Singh, stays with his family, including his driver, in a small yellow-coloured dilapidated quarter in Dhanbad, while his chartered accountant stays in a plush bungalow.

It took Income Tax officials more than 48 hours to carry out the searches of Lal Bahadur Singh's assets.

First, the background: Lal Bahadur Singh's father Ramdev Singh hails from Ballia, Uttar Pradesh. He had come to Dhanbad 10 years ago to work as a small-time clerk in the BCCL.

From: http://ping.fm/mvxPR