Assets Worth Rs. 390 Crore Seized In Tax Raids In Maharashtra's Jalna

Thursday, 11 August 2022newsdesk

Around Rs. 390 crore of "benami" property or "unaccounted" assets was seized by the Income Tax Department during raids at multiple locations linked to some business groups in Maharashtra's Jalna over tax evasion, officials have said.

New Delhi, 11 August 2022

As per news report of NDTV, the seized assets included Rs 56 crore in cash and 32 kilograms of gold, pearls and diamonds worth Rs. 14 crore. Officials also recovered some property documents and digital data during the raids. The raids were conducted between August 1 and 8 at the residential and official premises linked to two business groups dealing in steel, clothing, and real estate. It took the officials about 13 hours to count the exact amount of cash seized during the raids.

Source - NDTV