GG News Bureau
Raipur, 9th Feb. The Income Tax Department on January 31, 2024, conducted search and seizure operations concerning a Politically Exposed Person (PEP), his close associates, and several Government officials.
The operation, spanning more than 25 premises across Raipur, Surguja, Sitapur, and Raigarh districts of Chhattisgarh, targeted individuals involved in dubious practices, including tax evasion and illegal transactions.
During the search, investigators uncovered numerous incriminating documents and digital evidence, shedding light on the modus operandi of tax evasion and other illicit activities. Preliminary analysis suggests that the individuals under scrutiny received illicit funds in exchange for granting undue favors in Government-related projects.
Among the findings, documents reveal transactions totaling approximately Rs. 13 crore in ill-gotten cash received by the PEP and his associates. Additionally, evidence suggests that this illicit money was funneled into real estate investments, with approximately Rs. 3 crore attributed to on-money payments for property purchases. Furthermore, over Rs. 8 crore in unaccounted cash expenditures related to the real estate business were uncovered.
The investigation also unearthed incriminating documents detailing illegal land grabs facilitated by the PEP’s associates, with affected individuals admitting to transactions under undue influence. Moreover, discrepancies in turnover compared to bank credits were detected at a factory owned by the PEP’s spouse, who operates a Hume Pipes manufacturing concern.
The search operation resulted in the seizure of unaccounted cash and jewelry exceeding Rs. 2.50 crore. Further investigations into the matter are ongoing as authorities delve deeper into the intricate web of financial irregularities and illicit practices uncovered during the operation.
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