CBI seizes ₹1.24 crore from BEML officer's lockers in Mysuru DA case
Synopsis
A CBI locker search in Mysuru has more than doubled the scale of a corruption case against a former BEML senior manager — pushing estimated disproportionate assets from ₹1.2 crore to ₹2.45 crore, now exceeding 100 per cent of his known income. Gold bullion, a silver bar, cash, and fixed deposits were seized after the accused could not explain their source.
Key Takeaways
The CBI recovered assets worth ₹1,24,91,184 from two bank lockers in Mysuru on 3 July 2026 .
The accused is a former Senior Manager at BEML's Mysuru unit ; the DA case was registered on 20 April 2026 .
Seized items include 24-carat gold bullion (241.21 g) , a 2-kg silver bar , ₹12 lakh cash , and fixed deposits worth ₹10 lakh .
Gold ornaments ( 525 g ) and silver articles ( 416 g ) were found but not seized.
Estimated disproportionate assets have risen from ₹1.2 crore (51% excess) to ₹2.45 crore (100%+ excess) .
The investigation is continuing.
The Central Bureau of Investigation (CBI) has recovered assets worth over ₹1.24 crore from two bank lockers belonging to a former Senior Manager of Bharat Earth Movers Limited (BEML) in Mysuru, substantially advancing its disproportionate assets (DA) case against the accused. The seizure, carried out on 3 July 2026, pushes the estimated value of the officer's alleged disproportionate assets to nearly ₹2.45 crore — more than 100 per cent of his known sources of income.
Background of the Case
The CBI registered the case on 20 April 2026 against the then Senior Manager at BEML's Mysuru unit for allegedly holding disproportionate assets worth more than ₹1.2 crore, estimated at 51 per cent above his known income sources. The case is part of the agency's ongoing scrutiny of public-sector employees suspected of accumulating wealth beyond their declared earnings.
What Was Found in the Lockers
Investigators opened two bank lockers on 3 July — one at the State Bank of India, 80 Feet Road Branch, Mysuru, and another at Karnataka Bank's V.V. Mohalla Branch. The searches yielded gold ornaments weighing 525 grams, silver articles weighing 416 grams, gold bullion (24-carat gold bars) weighing 241.21 grams, a two-kilogram silver bar, cash of ₹12 lakh, and two fixed deposits worth ₹10 lakh.
What Was Seized and Why
The CBI seized the gold bullion, the silver bar, the cash, and the fixed deposits after the accused allegedly failed to provide a satisfactory explanation for their origin. The gold ornaments and silver articles were not seized. According to the CBI, the assessed value of the seized items stands at ₹1,02,91,184. Including the unsized gold ornaments and silver articles found during the operation, the total value of assets recovered from the lockers is ₹1,24,91,184.
Impact on the Investigation
The latest recovery has significantly escalated the scale of the case. With the fresh seizure factored in, the accused is now estimated to possess disproportionate assets of approximately ₹2.45 crore — a figure the CBI describes as exceeding 100 per cent of his known income. This is a marked jump from the 51 per cent excess that triggered the original case registration. The investigation is ongoing, according to the agency.
Point of View
Suggesting the initial estimate was conservative. The CBI's decision to open lockers rather than rely solely on income-tax or property records signals a more aggressive evidentiary approach. Whether the agency moves to attach properties or press for prosecution will determine if this remains a seizure headline or becomes a precedent-setting conviction.
NationPress
4 Jul 2026
Frequently Asked Questions
What is the CBI's disproportionate assets case against the BEML officer?
The CBI registered a case on 20 April 2026 against a former Senior Manager at BEML's Mysuru unit for allegedly holding assets worth more than ₹1.2 crore — estimated at 51 per cent above his known income sources. Following a bank locker search on 3 July, the estimated disproportionate assets have risen to approximately ₹2.45 crore, exceeding 100 per cent of his known income.
What assets did the CBI find in the bank lockers?
Investigators found gold ornaments (525 g), silver articles (416 g), 24-carat gold bullion (241.21 g), a two-kilogram silver bar, ₹12 lakh in cash, and two fixed deposits worth ₹10 lakh across two lockers in Mysuru. The gold bullion, silver bar, cash, and fixed deposits were seized; the ornaments and silver articles were not.
Why were some items seized while others were not?
The CBI seized the gold bullion, silver bar, cash, and fixed deposits because the accused allegedly could not provide a satisfactory explanation for their source. The gold ornaments and silver articles were not seized, though their value is included in the total assets recovered figure of ₹1,24,91,184.
Which banks were the lockers held in?
The two lockers were held at the State Bank of India's 80 Feet Road Branch in Mysuru and Karnataka Bank's V.V. Mohalla Branch, both in Mysuru.
What happens next in the investigation?
The CBI has stated the investigation is continuing. With disproportionate assets now estimated at ₹2.45 crore — more than double the original figure — the agency is expected to pursue further asset tracing and may move toward filing a chargesheet.
