₹62 crore in cash seized following raids on hawala operatives in Delhi

At least Rs 62 crore in cash were seized by the Income Tax Department as as part of its multi-city tax evasion operation against hawala or entry operators and individuals who prepare fake bills in Delhi. According to the officials, the money is unaccounted and has been seized from various premises including those belonging to a person identified as Sanjay Jain. The seizure is linked to the searches launched by the department at 42 premises in Delhi-NCR, Haryana, Punjab, Uttarakhand and Goa on Monday and the taxman had said that the alleged illegal transactions point to a hawala racket worth about Rs 500 crore.

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