New Delhi: The Central Board of Direct Taxes (CBDT) on Monday said searches in Madhya Pradesh have detected a racket of unaccounted cash of about Rs 281 crore through various people, including businessmen, politicians and even those in public service. Also Read - Income Tax Returns: Can You Save Tax by Gifting Money to Parents, Kids? Yes You Can | Here’s How
According to ANI, the CBDT said, “A 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.” Also Read - India Fast Moving From Tax Terrorism to Tax Transparency, Says PM Modi
Among the items recovered were unaccounted cash amounting to Rs 14.6 crore, 252 bottles of liquor, a few arms and tiger skins. Also Read - Why Kejriwal's Plan to Allow Hi-tech Industry is Good for Delhi
It said that searches in Delhi in the company of a close relative of the senior functionary also 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.
It said that several unaccounted or benami properties at posh locations in Delhi have also been detected.
The Delhi Directorate of Income Tax had raided at least four dozen locations in Madhya Pradesh and Delhi on Sunday, all residences and offices of people linked to Chief Minister Kamal Nath.
Those raided were Nath’s former OSD Pravin Kakkar, former advisor Rajendra Miglani and executives of his brother-in-law’s firm Moser Baer and his nephew Ratul Puri’s company, Hindustan Powerprojects Pvt Ltd.
There was an uproar over the raids with the Chief Minister Kamal saying, “It will be appropriate to comment (on I-T raids) only when the situation regarding the raids becomes clear but entire country knows as to how and against whom they (the BJP) have been using constitutional bodies for the past five years. They use these bodies to frighten. When they have nothing to say on development they use such sinister design against opponents.”
“When the BJP sees imminent defeat in Lok Sabha polls it has resorted to such actions to draw advantage in the election. In the assembly elections held last year too they had adopted similar tactics,” he had added.