He is perhaps the richest peon in the country. During raids conducted by the Madhya Pradesh Police at three of his six palatial homes in Gwalior revealed assets worth over Rs.3 crore, according to reports in a leading news channel.
The raids were conducted at 3 am on Tuesday morning. The anti-corruption police were still counting his assets at the time of revealing the figures.
Kuldeep Yadav, who is in his 40s and accused in a disproportionate asset case, has been a peon at a Cooperative Bank branch in Madhya Pradesh since 1983. He has worked in the bank for 30 years without a single promotion.
His huge assets, now revealed in the raid, can make even top executives in his bank jealous.
The Lokayukta or anti-corruption police have found documents for a duplex bungalow, five big houses, two luxury cars, cash, jewellery, insurance policies worth over 4 lakh, land and bank lockers.
Officials expect Yadav's wealth estimate to rise to above 7 crore by the time the raids are complete on Wednesday.
His assets are almost 200 per cent of his income, the report quoted senior Lokayukta official Surendra Rai Sharma as saying.
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