58 crore cash, 32 kg gold IT raids on businessman’s premises in Maharashtra, benami assets worth 390 crore found

In Maharashtra’s Jalna, the Income Tax Department has raided the steel, textile trader and real estate developer, in which a large amount of benami property has been found by the department. The Income Tax Department has seized benami property worth about 390 crores, in which Rs 58 crores cash, 32 kg of gold, diamonds and pearls and many property papers have been found.

After the Central Investigation Agency ED, now the Income Tax Department is also in action. After Bengal, huge cash has been found in the raids of the Income Tax Department in Maharashtra as well. In Maharashtra’s Jalna, the Income Tax Department has raided the steel, textile trader and real estate developer, in which a large amount of benami property has been found by the department. The Income Tax Department has seized benami property worth about 390 crores, in which Rs 58 crores cash, 32 kg gold, diamonds and pearls and many property papers have been found.

 It took the department 13 hours to count the cash found in the raid. Income Tax has taken this action between August 1 and 8. The Nashik branch of the Income Tax Department has carried out this action. 260 officers and employees from across the state were involved in this action. The IT personnel were divided into five teams and more than 120 vehicles were used in the raids.

Cash counted from 11 am to 1 pm

The cash found from the house of a textile and steel trader was taken to the local State Bank branch in Jalna and counted. The counting of cash started at 11 am and ended at around 1 pm in the night. The Income Tax Department had received information that there are irregularities in the dealings of four steel companies of Jalna, after which the Income Tax Department came into action. IT team raided the house and factories. Although the team did not find anything in the house, many papers including cash and gold and diamonds were recovered at the farmhouse outside the city.

Rapid action was taken in Bengal and UP

Earlier, in the action of the central agency ED, about Rs 50 crore in cash was recovered from the house of Arpita Mukherjee, a close aide of former minister Partha Chatterjee in West Bengal. Apart from this, many properties were also attached by the ED. Cash of Rs 197 crore was also recovered in a raid at the house of a businessman Piyush Jain in Kanpur, UP. Apart from this, other properties worth crores of rupees were also attached. Recently, Rs 85 lakh in cash was recovered in an EOW raid at the house of a clerk working in the Medical Education Department of Madhya Pradesh. Along with this, documents of different properties of about four crore rupees of the clerk were confiscated.

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