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Specific actionable intelligence was received by the Income Tax Department that a set of people were to carry out an outside-the-books cash transaction of a substantial amount at Raipur, Chhattisgarh. Upon further investigations, the input was found to be credible and the hawala dealer was identified. As a result, the Department carried out search and seizure action on 21.06.2021 on a Raipur based hawala operator. Four premises at Raipur were covered in the action. The modus operandi invo
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FAQ :
The Income Tax Department conducted search and seizure actions on a Raipur-based hawala operator.
The searches and seizures were carried out on 21.06.2021.
Approximately ₹6 crore in unaccounted cash was seized during the search.
A number of digital devices, including a computer hard disc and pen drives containing details of hawala transactions, were also seized.
Preliminary estimates suggest that hawala transactions exceeding ₹100 crore may be involved.
The hawala operator's modus operandi involved providing accommodation entries for sale and purchase, as well as facilitating the transportation and end-use of unaccounted money.
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