Rs 1000-cr assets linked to Ajit Pawar siezed

November 02, 2021 12:34

Assets worth over Rs 1,000 crore have been seized by the Income Tax Department in raids allegedly linked to Maharashtra Deputy Chief Minister Ajit Pawar.

Five properties, including Nirmal Tower at Nariman Point in Mumbai, have been seized. A sugar factory and a resort have also been seized.

Ajit Pawar and (his) family are the "beneficiaries of the above Benami properties," the Income Tax Department said, invoking the Anti-Benami Act and alleging that the properties were not bought illegally.

Last month, tax searches were conducted at the houses and firms owned by Pawar's sisters. Responding to the searches and raids, Mr Pawar had insisted that "all the entities" linked to him have regularly paid taxes.

« Back to LIVE

TOP STORIES

I still want a Gandhi to contest from Amethi: KL Sharma

'I have always been a 'sevak' of the Gandhi family and whatever responsibility the Gandhi family has entrusted to its sevak, I will fulfil it'

Ready For Some Dark Love On OTT?

Holidays turn into horror, Bhansali brand of razzmatazz and tons more on OTT this week.

Axis Bank re-rating to continue on steady NIMs, cheap valuation: Analysts

Re-rating of Axis Bank's stock may continue in the near-future, believe analysts, as the risk-reward on the stock remains favourable amid healthy financials. The bullish stance comes after the Mumbai-based lender delivered a strong...

1 year after violence, Manipur is still a divided state

'The kind of situation we are seeing...we don't believe that this can happen in a settled democracy like India'

'Hardik and Virat will make for great combination when chasing'

Former India pacer S Sreesanth on Friday backed Hardik Pandya's selection in the T20 World Cup squad, saying the all-rounder's presence alongside Virat Kohli will make for a "great combination" when chasing tricky totals.