Press Release, dated 08-02-2024
The Income-tax Department initiated search and seizure operations in the case of a Politically Exposed Person (PEP), his close associates and a few Government officials on 31/01/2024. Incriminating documents related to the illegal grabbing of land by the close associates of the PEP have also been found.
Similarly, the undue influence of PEP was also utilized by his associates in getting permission for the purchase of “Punarwas Patta”. Issues related to mismatch in turnover vis-à-vis bank credits have also been detected from the factory premises owned by the spouse of the PEP, who is running a manufacturing concern of Hume Pipes.
The search operation has resulted in the seizure of unaccounted cash and jewellery exceeding Rs. 2.50 crore. Further investigations are in progress.
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