New Delhi: On December 6, 2023, the Income Tax Department executed comprehensive search operations spanning three states—Odisha, Jharkhand, and West Bengal—targeting a conglomerate involved in various business activities including country liquor manufacturing, grain-based alcohol production, foreign liquor bottling, hospital administration, and educational institutions.
The operation encompassed more than 30 premises across 10 districts, uncovering a vast array of incriminating evidence in the form of documents, digital data, and physical assets. The investigation revealed meticulous records of unreported country liquor sales, undisclosed cash receipts, and intricate movements of unaccounted funds.
Key personnel overseeing the group’s extensive business operations confessed that the seized cash represented the accumulated unaccounted income generated across their diverse business ventures. This admission was substantiated by a family member actively involved in the group’s business activities.
The search operation unearthed a staggering amount of undisclosed cash totaling over 351 crore rupees, along with unaccounted jewelry valued at more than 2.80 crore rupees. Remarkably, a significant portion of the cash, amounting to 329 crore rupees, was discovered concealed in dilapidated buildings, hidden chambers, and secret safe houses cleverly disguised as unoccupied or nondescript residences in small towns across Odisha.
The discovery of these substantial quantities of undeclared assets underscores the group’s systematic efforts to suppress income derived from their liquor operations.
Currently, the Income Tax Department is conducting extensive investigations to further unravel the complexities of the group’s financial dealings.
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