Quick Summary
The Income Tax Department carried out a search operation that commenced on 23.09.2021 on a big syndicate involving certain businessmen/middlemen of Maharashtra and some persons holding public offices. The intelligence was developed over 6 months. In all, 25 residential and 15 office premises were covered under the search, while 4 offices were covered under survey. Some suites in Oberoi Hotel in Mumbai, permanently rented by two of the middlemen and used for meeting their clients, were also subje
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FAQ :
The search operation commenced on 23.09.2021.
In total, 25 residential premises and 15 office premises were searched, while 4 offices were covered under survey.
The total transactions detected during this search are to the tune of Rs. 1050 crore.
The middlemen provided end-to-end services to corporates and entrepreneurs, ranging from land allotment to obtaining governmental clearances.
So far, cash exceeding Rs. 4.6 crore and jewellery valued at Rs. 3.42 crore have been seized. Additionally, Rs. 150 lakh was seized from one of the 'angadiyas' used for cash transfer.
Key areas of money generation included cash paid for key postings under a certain Ministry and cash paid by contractors for getting payments released.
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