On June 28, The Enforcement Directorate (ED) arrested an Indian Revenue Service (IRS) officer of the customs and indirect taxes cadre, know the age and batch of Sachin Sawant
Sawant was arrested in a money laundering case that stems from a June 2022 CBI FIR. According to PTI, it was filed against him on charges of alleged possession of disproportionate assets.
Who is Lucknow IRS officer Sachin Balasaheb Sawant arrested by ED, biography, age, family, batch, posting, photo
On Wednesday, the ED arrested 2008-batch IRS officer Sachin Balasaheb Sawant in connection with a money laundering investigation against him. He is working as an additional Commissioner of Customs and GST and was posted in Lucknow. He was linked to the alleged possession of disproportionate assets.
Sawant was previously working as a deputy director with the federal agency at the Mumbai zonal office between 2017 and 2019. While his DOB isn’t known, he is aged between 35-45 years.
The #ED has arrested 2008-batch #IRS officer and Addl Commissioner of #Customs & #GST, Sachin Sawant, in a money laundering case. Various premises linked to Sawant, including his #Mumbai home, were also raided. Sawant is also facing a DPA case of #CBI.@IndianExpress @ie_mumbai https://t.co/NCDETsek3A pic.twitter.com/11sN7EN7Mt
— Vijay Kumar Yadav (@vijaykumar1927) June 28, 2023
On Tuesday, he was taken into custody under the terms of the Prevention of Money Laundering Act. The arrest came after raids on his houses in Mumbai and other locations.
Sachin Sawant’s Case Under the Provisions of PMLA
The officer’s money laundering case comes from a CBI FIR filed against him in June 2022 on grounds of suspected possession of disproportionate assets.
The ED stated that Sawant “amassed assets disproportionate to his known and legal sources of income” and that “cash deposits of around Rs 1.25 crore were made from unexplained sources in the personal bank accounts of family members and in the bank account of a dummy company where his father and brother-in-law were directors.”
According to the agency, the immovable property was purchased in the name of the stated dummy company, and the source for the purchase was shown as personal loans and other bank loans, with repayments also made in cash. Although the flat was registered in the name of the dummy firm, Sawant was occupying it as the genuine owner.
According to the CBI, Sawant “enriched himself illegally and amassed assets in his name and in the names of family members (wife, father, and mother) and also incurred huge expenditure, which is disproportionate to the tune of 204 percent of their known and legal source of income, amounting to Rs 2,45,78,579” during the check period from 12.01.2011 to 31.08.2020.
Central agency raids senior IRS officer and former ED employee in #Corruption case .#SachinSawant pic.twitter.com/xImEkwyv9p
— Mumbai71 (@Mumbai_400071) June 28, 2023