CBI U-turn: Murugesan to continue probe against Rakesh Asthana

IMA Ponzi scheme case: A multi-crore scheme run by Karnataka-based I-Monetary Advisory (IMA) and its group entities allegedly duped lakhs of people by promising higher returns using Islamic ways of investment. The Central Bureau of Investigation (CBI) is currently investigating the case and has filed at least three FIRs. (File image of the CBI headquarters)

Minutes after transfer of Joint Director V Murugesan was reported, the CBI issued a fresh order stating that he would continue to be in-charge of probe against Special Director Rakesh Asthana, officials said.

The agency had issued an order on January 4 transferring Murugesan from Anti-Corruption wing which was probing the case against Asthana to Economic Offences wing.

Within minutes the transfer was reported in the media, the agency issued a subsequent order stating that Murugesan will continue to "supervise" case against Special Director Rakesh Asthana, officials in the know of development told PTI.

The earlier order accessed by PTI shows that Murugesan, who was deputed by Director (in-charge) M Nageswara Rao to lead the investigation against Asthana, was transferred as part of efforts to give an "impetus to expeditious completion of coal scam cases".

The order also said that Murugesan was "bogged down" by additional charge of Joint Director AC(HQ)-I zone, which being a "heavy zone" takes away much of his "time and attention".

Murugesan's charge has now been given to Joint Director G K Goswami, who in addition to his responsibility of the Lucknow zone will also look after AC (HQ)-I zone, where a case against Asthana is registered.

The order also states that another Joint Director Vineet Vinayak looking after anti-corruption wing, Delhi Zone, has been transferred. His charge has now been given to additional director Praveen Sinha.

The CBI had registered an FIR against Asthana on October 15, 2018 alleging serious corruption charges against him on the basis of a complaint from a businessman, Sathish Babu Sana.

The businessman, who was being questioned by Asthana's special investigation team probing the Moin Qureshi case, had alleged that a Dubai-based middleman had offered to use his purported links with the Special Director to manage relief for him in return for a bribe of Rs 2 crore.

Recently, the new investigation team had called Sana to again verify contents of his complaint in order find loopholes, if any, but sources claimed that he did not budge from his allegations.

Asthana was sent on leave along with CBI Director Alok Verma by the government after the agency arrested a deputy SP of the Special Director's team in the case for being active participant in the conspiracy.

The charge of the CBI was given to Joint Director M Nageswara Rao who transferred all the officers probing allegations against Asthana and constituted a new team to be headed by Joint Director V Murugesan.

The serious corruption allegations may dampen chances of Asthana to become next CBI Director for which the selection and short-listing has already been initiated by the government but the decision will be taken by a committee comprising Prime Minister Narendra Modi, Chief Justice Ranjan Gogoi and leader of largest opposition party Mallikarjun Kharge.

The new director is likely to be appointed by January 31 which is the retirement date of incumbent Alok Verma.

Asthana has moved the Delhi High Court seeking directions to quash charges against him, while Verma had challenged divestment of his powers in the Supreme Court.