The Central Bureau of Investigation (CBI) has confiscated assets valued at over Rs 1.24 crore from two bank lockers associated with a former Senior Manager of Bharat Earth Movers Limited (BEML) in Mysuru. The CBI’s disproportionate assets (DA) case against the accused has been significantly reinforced by this seizure. The case was initiated on April 20, 2026, against the ex-Senior Manager of BEML, Mysuru, for allegedly possessing disproportionate assets exceeding Rs 1.2 crore, which were found to be 51% higher than his known income sources.
As part of the probe, the agency accessed two bank lockers owned by the accused on July 3, one at the State Bank of India, 80 Feet Road Branch, Mysuru, and the other at Karnataka Bank’s V.V. Mohalla Branch. The search revealed various assets, including gold ornaments weighing 525 grams, silver articles weighing 416 grams, 24-carat gold bars weighing 241.21 grams, a two-kilogram silver bar, cash totaling Rs 12 lakh, and two fixed deposits amounting to Rs 10 lakh.
The CBI confiscated the gold bars, silver bar, cash, and fixed deposits as the accused allegedly could not provide a satisfactory explanation for their source. However, the gold ornaments and silver articles were not seized. The total value of the seized assets, including the gold bullion and silver bar, is assessed at Rs 1,02,91,184. With the gold ornaments and silver articles accounted for during the locker searches, the total value of recovered assets now stands at Rs 1,24,91,184.
This recent seizure has notably escalated the alleged disproportionate assets in the case, with the accused now believed to possess disproportionate assets valued at around Rs 2.45 crore, exceeding 100% of his known income sources. The investigation remains ongoing.
