Raids in Jalna: Computer sleuths disguised as “baaratis” raiding firm seize assets worth Rs 100 cr

The Income Tax Department recovered undisclosed wealth of over Rs 300 crore in an eight-day raid (between August 1 and August 8) on the premises of a Jalna-based group, which is involved in fabric, steel and real estate businesses. .

According to reports, the raid was carried out at three rolling mills of the new Maharashtra Industrial Development Corporation (MIDC) and related financial transactions. The raids were carried out simultaneously by five dedicated teams of Nashik IT managers, as well as local officials in homes, farms and offices of steel fabrication plants. The cash and other valuables were recovered from a farm far from the city of Jalna in Maharashtra. The department found 56 crore in cash, 32 kilograms of gold, pearls, diamonds and property papers after receiving a tip of illegal cash transactions.

The money was found in wads, which were mostly hidden under cupboards, beds and in travel bags. Besides gold ornaments, gold biscuits, bricks, coins and diamonds were found.

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