The Central Bureau of Investigation (CBI) conducted raids at five locations across Uttar Pradesh on Friday in connection with a disproportionate assets (DA) case involving Amit Singh, the former chief general manager of the Ordnance Equipment Factory (OEF) in Firozabad. The raids, which took place in Agra, Lucknow, Bareilly, and Kanpur, were carried out after the agency obtained search warrants from a competent court, according to a press note issued by the CBI on Saturday.

Assets and Income Discrepancy

Singh, a 1998-batch officer of the Indian Ordnance Factories Service (IOFS), is accused of accumulating assets worth ₹55,58,471 beyond his known sources of income during the check period from April 1, 2022, to December 31, 2025. The CBI stated that Singh’s total income from known sources during this period was ₹75,85,523, while his alleged expenditure was ₹1,12,93,298.

According to the First Information Report (FIR), Singh’s assets increased by ₹18,50,696, but his expenditure exceeded his income by ₹37,07,775. The CBI calculated the combined disproportionate assets and excess expenditure at ₹55,58,471, alleging that Singh failed to satisfactorily account for the difference.

Seized Evidence and Property Details

During the raids, investigators recovered documents related to immovable properties, bank passbooks, credit cards, and vehicles. The CBI also collected details of three residential properties allegedly linked to Singh, including houses in Agra, Lucknow, and Bareilly. The Agra flat was reportedly purchased in 2025, while the Lucknow flat was acquired in 2023.

Searches at residential premises in Agra and Lucknow led to the recovery of jewellery valued at about ₹49 lakh and cash worth ₹5 lakh. Documents related to investments and other expenditures were also taken into custody for examination.

At the beginning of the check period, Singh and his family allegedly held movable and immovable assets valued at ₹18,82,871, including bank balances and a residential property in Bareilly purchased in 2007 in his wife Neelam Singh’s name. By the end of the period, their total assets allegedly rose to ₹37,33,567, including a flat in Lucknow purchased in 2023 in his wife’s name, mutual fund investments, and bank deposits.

For the Lucknow flat, Singh allegedly availed a home loan of ₹39.20 lakh and repaid 34 EMIs amounting to ₹13.60 lakh from his salary account.

Background and Implications

Singh was serving as chief general manager at OEF, Hazratpur, Firozabad, and is currently posted at Troop Comforts Ltd Training Academy, Kanpur. The CBI said further investigation is underway. The case was registered by the agency’s Ghaziabad unit on February 26, according to officials.

Such cases highlight the issue of public officials holding assets that cannot be explained by their known income, which is a key area of focus for anti-corruption agencies. This case could have implications for the transparency and accountability of officials working in state-owned enterprises, particularly in sectors like defense manufacturing.

According to the CBI’s press note, Singh’s assets increased by ₹18,50,696, but his expenditure exceeded his income by ₹37,07,775. The agency calculated the combined disproportionate assets and excess expenditure at ₹55,58,471, alleging that Singh failed to satisfactorily account for the difference.

While the CBI has previously conducted similar raids on officials in other sectors, this case is notable due to Singh’s position in the Indian Ordnance Factories Service, which is responsible for manufacturing defense equipment. The investigation could uncover potential financial misconduct in a critical sector of India’s military infrastructure.

The CBI stated that Singh’s total income from known sources during the period was ₹75,85,523, while his alleged expenditure was ₹1,12,93,298. The expenses reportedly included spending on his daughters’ education, hostel fees, and other personal needs.