Quick Summary
Income Tax Department carried out a search operation on 08.03.2022 on a cable operator of Mumbai, a State Govt employee and the businesses related to him. A total of 26 premises spread over Mumbai, Pune, Sangli and Ratnagiri were covered. During the search, it was found that a parcel of land
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FAQ :
The search operation focused on a Mumbai cable operator, a state government employee, and their related businesses, uncovering undeclared assets and financial irregularities.
The operation covered 26 premises spread across Mumbai, Pune, Sangli, and Ratnagiri.
A resort was built on a parcel of land purchased by a politician, with over Rs. 6 crore spent in cash on construction that was not accounted for in any books of account.
The employee and their family were found to have amassed significant wealth in properties and businesses, including bungalows, farmhouses, commercial complexes, flats, and agricultural land, over the past ten years.
Yes, evidence of inflated contract expenses through bogus purchases and sub-contracts totalling Rs. 27 crore, and unaccounted cash receipts of Rs. 2 crore from a land sale were also detected.
Cash amounting to Rs. 66 lakh was seized, along with digital data and documentary evidence which are currently under further analysis.
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