IT conducts raid on premises of bussinessmen in 7 cities, huge cash seized

Shashank Shekhar

Bokaro/Dhanbad : The investigation wing of Income- Tax (IT) Department, in an important development on November 16, 2o17, morning, conducted raids on the residential and business premises of several businessmen on the direction of Director General, Investigation, Bihar-Jharkhand, S R Mallick. More than 150 Income-tax department officials and personnel in groups carried out the search operation.

Raids were conducted on the business premises of  prominent Coal trader cum transporters  and prominent builders cum real estate dealers Devralia group, A B Enterprises, Navshakti developers , Apna Ghar,  Krishna Gopal Agrawal, Rohit Sharma, Om Dokania, and Joginder Singh in seven cities of Jharkhand and Bihar during which huge unaccounted cash besides scores of bonds,  dozens of documents of huge plots of lands in several cities and several other indiscriminatory documents and papers relating to huge investment  in fictitious names were seized. The raids were conducted at several offices cum residences of  prominent  businessmen having office cum residences at Patna, Ranchi, Jamshedpur, Dhanbad, Bokaro, Muzaffarpur and Bhagalpur.

More than 250 cops were assisting the income tax sleuths. The district administrations concerned were taken in confidence before the raid started simultaneously around 9.30 am at all the places. Additional Director Investigation (ADI), Sunil Agwane, was monitoring the whole operation.

All these businessmen are at present dealing in hard coke and coal business besides being involved in real estate and colony development works and are hand in gloves in their business dealings, stated ADI Sunil  Agwane, who was himself camping at Dhanbad in the morning hours. Though the ADI  refused to give full details of the raid stating that final figure of seizure  of cash and other things will be known in the late evening hours, he said that the search operation can be termed as ‘very successful’ which will definitely expose big racket of hiding of huge big black money running into several crores of rupees.

“We were keeping a close watch on the business transactions of all the businessmen, whose establishments were raided on November 16, for the last several months and after having concrete proofs, the raids at all  places were conducted simultaneously. It is a big catch,” stated an elated Mallick.