The searches were carried out at more than 30 premises spread across Patna, Bhagalpur, Dehri-on-Sone, Lucknow and Delhi. During the course of the search, large number of incriminating documents and digital evidence demonstrating evasion of income have been found & seized.
“During the search operation, unaccounted cash and jewellery worth more than ₹5 crore have been seized. A total of 14 bank lockers have been put under restraint. So far, the search action has led to detection of unaccounted transactions exceeding ₹100 crore," the ministry said.
In one of groups, engaged in the business of gold & diamond jewellery, analysis of seized evidence reveals that this group has invested its unaccounted income in cash purchase of jewellery, renovation of shops and immovable properties.
This group has been found to have introduced unaccounted money of over ₹12 crore in its books of account, in the garb of advance from customers. Unaccounted stock of more than ₹12 crore was also found.
According to the finance ministry, in the case of another group engaged in real estate business, evidences of unaccounted cash transactions in purchase of land, construction of buildings and sale of apartments, have been found and seized.
“The evidence seized in the case of a prominent land broker has further corroborated the above unaccounted transactions. The quantum of such unaccounted cash transactions is more than Rs. 80 crore," it said.
The unaccounted income so earned by key persons of the group has been invested in acquisition of many immovable properties including large parcels of land. Further investigation is in progress.
