An inspector at Bazar Peth police station was caught accepting bribe by the ACB and a subsequent raid at his residence revealed he had disproportionate assets worth Rs 25 crore

Anti-Corruption Bureau's Thane unit raided on Saturday the residence of C S Mali, inspector at Bazar Peth police station in Kalyan, and charged him with possessing disproportionate assets worth Rs 25 crore.

The ACB arrested Mali on Friday after they caught him accepting Rs 60,000 bribe from Raju Ratilal Soma.

CS Mali at the time of arrest pic/Navneet Barhate

During the investigations at his residence in Archie's Complex near Kalyan railway station, officials found that Mali owns five flats worth Rs 2.5 crore and two shops worth Rs 50 lakh in the same building. He also owns two flats worth Rs 80 lakh in nearby building Sunder Plaza and 80 acre land worth Rs 16 crore in Solapur.

"We have seized two guns, two gas connection cards, and 450 grams of gold jewellery from Mali's residence. We have also found details of two bank lockers and several bank accounts," an ACB official said.

According to sources Mali accumulated assets by extorting money from people, who invested in Sai Corporation's disputed building near Adharwadi jail. After Mali learnt that the builder had sold one flat to several people, he started to call those investors to the police station, along with their documents, and threatened to arrest them claiming that their documents were fake. He demanded bribes ranging from Rs 50,000 to Rs 5 lakh from the investors to not arrest them.

Saudagar, who had invested Rs 15 lakh in six flats, was arrested by Mali on October 24 after he refused to cough up a bribe of Rs 5 lakh. A few days later, Mali demanded Rs 1 lakh from Saudagar's guarantor Soma. Saudagar advised Soma to approach the ACB.