Madhya Pradesh-based businessman Shankar Rai and his household within the state’s Damoh district had been raided on Thursday and unaccounted money price over Rs 8 crore was recovered, the Earnings Tax Division has mentioned.
The money was present in a bag that was hidden in an underground water tank. A video exhibits the tax officers drying the money. Aside from money, jewelry price round Rs 5 crore was additionally seized.
“The Earnings Tax Division has seized Rs 8 crore in money from the Rai household which additionally included a bag containing Rs 1 crore in money stuffed in a water container. Apart from, three kilograms of gold was additionally confiscated,” mentioned Munmun Sharma, Joint Commissioner of Earnings Tax Division, Jabalpur, who headed the tax raid.
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Whereas Mr Rai has served because the Damoh Nagar Palika chairman with the Congress backing, his brother Kamal Rai was earlier Damoh Nagar Palika vice-chairman with backing from the BJP.
The raid which began at 5 am on Thursday continued for 39 hours. The Tax officers raided greater than ten premises owned by Shankar Rai’s household.
Mr Rai’s household was operating round three dozen buses within the identify of workers, the tax division revealed.
The division has declared Rs 10,000 reward for anybody giving extra info on belongings of the Rai household in Madhya Pradesh or another location.
After the operation was over, the Joint Commissioner mentioned, “The bodily raid is over and that investigation will proceed on the premise of the paperwork seized from the Rai household which might be finished in Bhopal,”
“The division will now examine the seized paperwork and unnamed properties. So, we must look ahead to the ultimate determine”, mentioned The Joint Commissioner.
In January 2019, ex-Samajwadi Social gathering MP from East Uttar Pradesh’s Chandauli seat Jawahar Jaiswal (carrying Rs 25,000 on head in homicide case) was arrested by UP STF from premises of Sanjay Rai (Shankar Rai’s brother).