Daijiworld Media Network – New Delhi
New Delhi, May 21: The Central Bureau of Investigation (CBI) has registered a disproportionate assets case against retired Indian Navy Captain Raminder Singh Wadhwa for allegedly accumulating wealth far exceeding his known sources of income during his service career.
According to agency documents, the probe covers the period between April 2010 and March 2020, during which Wadhwa allegedly amassed substantial movable and immovable assets in his name and in the names of his wife and two sons.
Wadhwa, who joined the Indian Navy as a Sub-Lieutenant in 1989 and retired in May 2024, held several sensitive assignments during his career. These included postings at the National Security Council Secretariat, the Directorate of Naval Design under the Submarine Design Group, and the Strategic Forces Command.
Investigators suspect that his assets witnessed a sharp rise during the years he served in influential positions as Commander and Captain.
A discreet inquiry conducted by the CBI’s Anti-Corruption Branch in New Delhi reportedly revealed a major mismatch between the officer’s declared income and the assets acquired by the family.
As per the findings, Wadhwa and his family possessed assets worth around Rs 2.31 crore in April 2010. By March 2020, the value of the assets had allegedly increased to more than Rs 6.90 crore.
After analysing income from salary, rental earnings and loans against household expenditure, taxes and other known expenses, the agency concluded that Wadhwa possessed unexplained assets worth approximately Rs 3.18 crore. According to the CBI, the disproportionate assets were nearly 49 per cent higher than his legally known income.
The investigation has identified multiple high-value properties allegedly linked to the retired officer and his family. These include a premium property in Safdarjung Enclave in South Delhi, commercial spaces and plots in Gurgaon’s Udyog Vihar, a flat in Greater Noida, and a large land parcel in Kalka, Haryana, where a luxury farmhouse was reportedly constructed.
Officials believe the value of unexplained wealth could increase further as the investigation progresses. The current calculations reportedly do not include expenditure on the farmhouse construction, luxury vehicles, foreign trips and expensive education for family members.
The CBI has registered the case under provisions of the Prevention of Corruption Act relating to criminal misconduct by a public servant. The matter has now been assigned to a dedicated investigating officer in New Delhi to trace the flow of funds and examine how the assets were financed.