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Tax evasion: IT searches in Delhi, Mumbai and Rajasthan

July 13, 2020 10:56 am | Updated 10:41 pm IST - New Delhi

They include premises of two Cong. leaders and a business house

The Income-Tax Department on Monday conducted searches at multiple locations in Delhi, Mumbai, Jaipur and Kota, of which some were allegedly linked to two Congress leaders from Rajasthan.

Amid the political turmoil, the premises of Rajiv Arora, vice-president of the State Congress and founder of a jewellery house, and another party leader Dharmendra Rathore were allegedly searched in Rajasthan.

In Delhi, searches were carried out at four locations, including those linked to the managing director of a big industrial house. Eight other locations in Mumbai, related to the industrial house and another company, were also searched.

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An Income-Tax team visited a hotel in Jaipur, where the Enforcement Directorate officials had also gone in the morning in connection with a probe into receipt of about ₹96.7 crore from Mauritius.

The ED is investigating a complaint lodged with the agency in 2015, alleging that one Mauritius-based entity was used to route undeclared funds through purchase of shares of a hotels and resorts firm in July 2011, at a price much higher than its then value of ₹100 per unit. The same firm is said to be linked to the Jaipur hotel.

An Income-Tax official said the Department’s searches in Delhi, Mumbai and Rajasthan were based on inputs about suspected tax evasion and huge cash transactions.

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