Income Tax Department conducts search on a prominent business group in Delhi

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..... Income Tax Department conducts search on a prominent business group in Delhi
News and Press Release
Dated:- 24-10-2019

Income Tax Department conducted search operation on a group based i .....

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..... n Delhi in connection with tax evasion and money laundering. The group is engaged in various e-governance projects and financial services. It has presence across several cities in India and also in Du .....

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..... bai. The search and seizure action have led to unearthing of several incriminating evidence establishing large scale tax evasion, hawala transaction and money laundering by the said taxpayer group. T .....

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..... he group has taken recourse to use of shell companies based in Delhi / Kolkata to route unaccounted money. Earlier, the Department had conducted search action on entities related to Fertilizer procur .....

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..... ement. Investigations had revealed that huge amount of commission was being collected in Dubai through shell companies of a Dubai based operator who is also an accused in a VVIP Chopper scam. A part o .....

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..... f such commission was laundered back to India through the aforesaid Delhi based group. Preliminary enquiries reveal the quantum of accommodation entries and hawala transactions to be more than ₹ .....

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..... ; 1000 crore.
News - Press release - PIB .....

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