I-T raids unearth cash book detailing over Rs. 470 crore in transactions and siphoning from 'close relative' of a senior functionary residing at Tughlaq road

Successive to the raids conducted by the income tax department in NCR, Bhopal, Indore and Goa based upon 'credible information' on the 'collection, possession and movement' of sizeable unaccounted assets, the Ministry of Finance released a press brief. 

Divulging the details of the raid, the press brief mentioned how the searches in Delhi in the group of a 'close relative of the senior functionary' have resulted in seizure of incriminating proof including- cash book recording unaccounted transaction of Rs. 230 crore, siphoning off money through bogus biling of over Rs. 242 crore and evidence of more than 80 companies in Tax havens. 

Along with that, unaccounted properties have been located at posh neighbourhoods. 

The press brief also mentioned how a part of unaccounted cash worth of Rs. 281 crore was tranferred to the headquarter of a 'major political party' in Delhi from Madhya Pradesh. 

It further elaborates on how Rs. 20 crore was moved through 'hawala' to the headquarter of a political party from the residence of a senior functionary at Tughlak Road in New Delhi. 

With a three day countdown underway for the Lok Sabha elections 2019, it is known that the raids in Delhi 'in the group of a close relative of a senior functionary' have further led to seizure of implicating evidence. 

The press brief noted that unaccounted cash of Rs. 14.6 crores was recovered, besides that 252 bottles of liquor, few arms and hide-skins of tiger. 

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Here is the brief of the release: 

• Madhya Pradesh: Wide spread racket of collection of unaccounted cash of approximately Rs. 281 crore. 
• Delhi: Rs. 20 crore was moved through Hawala from Madhya Pradesh to headquarters of a 'major political party' 
• Delhi: Raids at a 'close relative of a senior functionary' led to seizure evidence, including unaccounted transations of Rs. 230 crore and bogus billing of over Rs. 242 crore.  

On Monday night senior Congress leader Ahmed Patel reportedly rushed to the residence of an AICC worker amid raids being conducted for being under scanner of acquiring Rs. 20 crores from Bhopal.

On Sunday, raids were conducted on 52 in Indore, Bhopal and Delhi (Green Park) by 300 IT officials and those being searched included Kamla Nath's former OSD Pravin Kakkar, former advisor Rajendra Miglani and executives linked to his brother-in-law's firm Moser Bayer and his nephew Ratul Puri's company.

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