MP raids: I-T recovers Rs 14.6 cr cash on 2nd day

April 08, 2019 22:50

The income-tax department on Monday said it has recovered Rs 14.6 crore of "unaccounted" cash and seized diaries and computer files of suspect payments in raids against close aides of Madhya Pradesh chief minister Kamal Nath and others.

The Central Board of Direct Taxes said the department has also detected a trail of Rs 20 crore suspect cash allegedly being moved to the "headquarter of a major political party in Delhi".

"Rs 14.6 crore of unaccounted cash has been found so far, besides 252 bottles of liquor, few arms and tiger hide-skins," the CBDT said in a statement.

The CBDT frames policy for the I-T department.

"Searches in Madhya Pradesh have detected wide spread and well organised racket of collection of unaccounted cash of about Rs 281 crore through various persons in different walks of life, including business, politics and public service.

"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," the CBDT said.

It, however, neither 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."

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