Bollywood-style IT raid in Maharashtra; assets worth 390 crore retrieved
12 August, 2022 | Riya Girdhar
The officials disguised themselves as groomsmen in order to keep the raid a secret.
IT raids: The Income Tax Department recently conducted Bollywood-style raids in Maharashtra’s Jalna and Aurangabad districts, uncovering 390 crore in illegal assets in eight days.
The officials disguised themselves as groomsmen in order to keep the raid a secret. On August 1, they arrived in wedding cars with ‘Dulhan Hum Le Jayenge stickers’ attached, according to sources.
The officials raided the steel manufacturing factories’ homes, farms, and offices. Unaccounted assets seized include 58 crores in cash, 32 kilogrammes of gold ornaments, and 16 crores in diamonds. Aside from that, property documents worth 300 crores were discovered.
The raids were carried out in different locations at the same time by different teams, totaling 260 officers and 120 cars. It took the officials 16 hours to count the 390 crores in cash.
Nothing was recovered during the initial phase of the raids, but soon after, bundles of money were discovered in the bed and under the closet of a farmhouse far from the city. There were gold ornaments, gold biscuits, gold bricks, gold coins, and diamonds discovered.
Aside from Jalna, raids were also carried out at the homes of two Aurangabad businessmen. During these raids, 16 carat gold ornaments and diamonds were discovered. In addition, 25 cloth bags containing bundles of notes were seized.
Earlier this year, the IT department raided the homes of UP’s perfume trader Piyush Jain in Kannauj and Kanpur, West Bengal Chief Minister Mamata Banerjee’s former cabinet minister Partha Chatterjee and his ‘Intimate Friend’ Arpita Mukherjee, and in Chennai. The ID department seized crores of rupees and other valuable assets in all of these raids.
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