Tag: Kota

IT raid in Jaipur-Kota: Safes worth crores recovered from under tiles, piles of gold-silver and currency notes recovered

Income Tax Raid: The search operation of the Income Tax Investigation Team in Jaipur continues today, which has created a sensation in the entire area. Under this campaign, action has been completed at 6 locations so far, while raids are still going on at 24 locations. During the investigation, a large amount of gold and silver jewelry and cash were recovered from the safes hidden under the tiles, which shows the seriousness of this action.

According to sources, so far cash worth Rs 3 crore and jewelery worth Rs 10 crore has been evaluated, which highlights the complexity of this case. Apart from this, property transactions worth crores of rupees are being accounted for, and the process of opening some lockers has also been started, which is expected to lead to more big revelations.

This action is focused on a total of 30 locations in Jaipur and Kota, in which the Income Tax Department is eyeing the directors of High Fly Real Estate, Gokul Kripa, VRB Developers, Bhumija Developers, Riyasat Group and Kisan Real Estate and Developers, including their associates.

These companies and individuals are accused of black money and cash transactions, which is being thoroughly investigated. This raid is expected to reveal evidence of illegal transactions and tax evasion worth crores of rupees, which indicates a deep network of corruption in the local real estate sector.

This action of the Income Tax Department has not only become a challenge for the operators of these companies, but is also raising questions about law and order and economic transparency in the area. All eyes are on the progress of the investigation, as it is expected that many big names will be exposed.

IT Raid in Rajasthan: 18 locations raided in Jaipur and Kota for real estate and pan masala business

Income Tax Department Conducts Major Raid on Real Estate and Pan Masala Businesses in Jaipur and Kota

The Income Tax Department launched a significant operation on Tuesday, executing simultaneous searches at 18 locations associated with real estate and pan masala businesses in Jaipur and Kota. Nearly 150 officers and staff were mobilized for this extensive raid.

According to officials, the drastic action was initiated in response to complaints regarding tax evasion, substantial cash transactions, undeclared income, and the use of forged documents. Investigators believe that the raids could potentially uncover substantial amounts of cash, benami properties, and concealed assets.

Among the entities being scrutinized by the Income Tax Department is the High Fly Real Estate Group in Jaipur, where eight locations were reportedly targeted. This group is suspected of conducting large-scale cash transactions in property deals and utilizing black money. More information regarding these raids is pending.

In addition to the real estate group, the Income Tax officers are also probing three locations tied to Siddheshwar Gums (Signature Pan Masala) in Kota, which faces accusations of maintaining irregular financial records and tax evasion. Furthermore, six locations associated with the Gokul Kripa Group (BRB Developers) in Jaipur are under investigation, with allegations including undeclared income and dubious property transactions.

The raids commenced in the morning and are expected to extend into the late hours of the night, as teams examine documents, computer systems, and digital records at all searched locations. Sources have suggested the potential for significant recoveries of cash and incriminating documentation.

Officials noted that these groups had been under scrutiny by the department for several months, particularly highlighting the real estate sector for issues related to benami deals, black money transactions, and complex financial structuring aimed at hiding undeclared wealth.

As of now, the Income Tax Department has not issued an official statement regarding the raids. Details regarding seizures and findings are anticipated once the searches conclude. The operation has instilled a sense of panic within business circles in Jaipur and Kota, particularly among those connected to the targeted groups.

41 victims, 110 accounts: 4.58 crore from customer accounts. The fraud ICICI bank official stole crores from FDs, invested in stocks

Major Bank Fraud Uncovered in Kota: ICICI Bank Relationship Manager Sakshi Gupta Arrested for Rs. 4.58 Crore Embezzlement

Kota, Rajasthan – In a shocking revelation that has sent ripples through the financial sector, Sakshi Gupta, a relationship manager at the ICICI Bank’s DCM branch in Kota, has been arrested for allegedly siphoning off a staggering ₹4.58 crore from customer accounts. The fraud, which reportedly spanned from 2020 to 2023, involved the manipulation of fixed deposits, unauthorized transactions, and the diversion of funds into the stock market where most of the money was lost.

According to police investigations, Gupta, who worked at the Shriram Nagar branch in Kota, systematically defrauded over 110 accounts belonging to 41 customers. The elaborate scheme involved misusing the ‘User Fixed Deposit‘ link to withdraw money, prematurely closing fixed deposits, activating overdraft facilities without consent, and even taking out personal loans in customers’ names.

One of the key methods employed by Gupta to conceal her activities was to change the mobile numbers linked to customer accounts to those of her family members. This ensured that customers did not receive transaction alerts or One-Time Passwords (OTPs), allowing her to operate undetected for an extended period. In some instances, she reportedly used an elderly woman’s account as a “pool account” to funnel over ₹3 crore.

The fraud came to light in February 2025 when a customer approached the bank to inquire about his fixed deposit, leading to the discovery of discrepancies. Following this, the branch manager, Tarun Dadich, filed a complaint with the Udhyog Nagar Police Station on February 18.

Police swiftly launched an investigation, which revealed the scale and intricacy of the fraud. Sakshi Gupta was arrested on May 31 from her parental home in Rawatbhata, Chittorgarh district, and has since been sent to judicial custody.

ICICI Bank has issued a statement confirming the incident and emphasizing their commitment to customer interests. The interests of our customers are of paramount importance to us. Immediately upon discovering the fraudulent activity, we filed an FIR with the police,” an ICICI Bank spokesperson stated. The bank further added that it has a “zero-tolerance policy against any fraudulent activity” and has suspended the employee involved. Crucially, ICICI Bank has reassured that genuine claims of impacted customers have been settled, indicating that customers will not bear the financial loss due to this fraud.

This case highlights the vulnerabilities that can arise even within regulated financial institutions due to insider fraud. Authorities are continuing their investigation to ascertain if any other individuals were involved or complicit in the scam. Meanwhile, customers are being advised to regularly monitor their bank statements and transaction alerts to promptly report any irregularities. The incident serves as a stark reminder of the importance of vigilance in financial dealings.

New Special Railway Projects Announced by West Central Railway

MINISTRY OF RAILWAYS
(West Central Railway)
NOTIFICATION
KOTA, the 25th April, 2025
S.O. 1929(E).— In exercise of the powers conferred by clause (37A) of section 2 of the Railways (Amendment)
Act 2008. The Central Government hereby notifies the following projects as Special Railway Projects, as mentioned in
column (1) of the Table below in the state mentioned in column (2) of the table, with effect from the date of publication
of this Notification in the Official Gazette.

[Computer No. 300102 File No. E- WCR-KTTC0ENGC(MICS)/5/2025-O/o DY.CE/C-II/KOTA]
VIJAY PANDEY, Chief Project Manager, Construction

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