Quick Summary
In a bizarre twist of events, Chandrashekhar Kohad, a petty contractor originally from Nagpur and currently living in Multai, Madhya Pradesh, has been served a staggering Rs 314 crore income tax demand - an amount he says he cannot even comprehend. The tax notice stems from alleged unaccounted funds routed through his account in a cooperative credit society, now suspected to be linked to a Rs 560 crore hawala scam under probe by the ED. According to documents shared by Kohad, the original tax d
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FAQ :
The total tax demand against Chandrashekhar Kohad is £314 crore, which includes the original demand and added interest.
The alleged hawala scam is reportedly worth £560 crore.
Kohad claims he could not afford to travel to Visakhapatnam to respond to the Enforcement Directorate's summons.
Kohad alleges his bank account at a cooperative credit society was misused by the management for money laundering, and he was unaware of the large deposits.
The cooperative society where Kohad held his account has reportedly had its accounts sealed following a separate scam.
Yes, the ED notice served to Kohad included a list of 42 shell companies allegedly used in the hawala network, connected to the alleged kingpin Mahesh Vaddi.
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