Mp Raid: I-T Department recovers Rs 281 crores unaccounted cash

Mp Raid: I-T Department recovers Rs 281 crores unaccounted cash

On monday The income tax department has detected a “widespread and well-organised” racket of collection of unaccounted cash of about Rs 281 crore during raids against close aides of Madhya Pradesh Chief Minister Kamal Nath and others. The departments said that unaccounted cash of Rs 14.6 crore, 252 bottles of liquor, few arms and hide-skins of tiger were also found.

The CBDT said several unaccounted/benami properties at posh locations in Delhi have also been detected. It said these “instances of violations of the model code of conduct are being brought to the notice of the Election Commission”.”

The CBDT said part of the cash was also transferred to the headquarter of a major political party in Delhi, including about Rs 20 crore, which was moved through hawala recently to the headquarter of the political party from the residence of a senior functionary at Tughlak Road, New Delhi. however it neighter identified the political party nor the senior functionary.The statement added that records of collection and disbursement of cash “in the form of hand- written diaries, computer files and excel sheets were found and seized and it corroborates the above findings

It added that the searches in Delhi in the group of a close relative of the senior functionary have further led to the seizure of “incriminating evidence, including cash book recording unaccounted transactions of Rs 230 crore, siphoning off money through bogus billing of more than Rs 242 crore and evidence of more than 80 companies in tax havens.

The department had Sunday launched pre-dawn raids at 52 locations of people and associates linked to Nath by involving about 300 tax sleuths.

 

Those searched included Nath’s former Officer on Special Duty (OSD) Pravin Kakkar, former adviser Rajendra Miglani, Ashwani Sharma and executives linked to his brother-in-law’s firm Moser Bayer and a company of his nephew Ratul Puri.

 

Nath had reacted late Sunday to the development.

 

“The situation about the I-T raids is not clear yet. It would be appropriate to speak on this after the situation is clear. But the entire country knows how the constitutional institutions were used and against whom they were used during the past five years,” he had said.

 

“These institutions were used to scare people. When they do not have anything to say on development and their work, they used this kind of tactics against their opponents,” the CM’s statement had said.

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