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A Peon for 30 Years, He has Six Houses, Two Luxury Cars and More

For 30 years, Kuldeep Yadav has been a peon at a bank in Madhya Pradesh. This morning, raids at three of his six homes in Gwalior revealed assets worth Rs. three crore and counting.

Mr Yadav, who is in his 40s, has worked at the Cooperative Bank since 1983, without a single promotion. His quiet presence apparently concealed wealth that could leave the top executive in his bank in the shade.

In raids that began at 3 am this morning, the Lokayukta or anti-corruption police have found documents for a duplex bungalow, five big houses, two luxury cars, cash, jewellery and bank lockers.

By the time the raids end tonight, officials expect Mr Yadav’s wealth estimate to rise to around seven crores.

It was an anonymous complaint that tipped off the police about Mr Yadav’s undetected millions.

The police said at a salary that is not more than Rs. 20,000 a month, Mr Yadav couldn’t possibly have made more than Rs. 15 to 17 lakh in three decades.

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