February 28, 2024

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Source of revenue Tax division recovers Rs 8 crore, 3 kg gold in raids on MP businessmen

By way of PTI

DAMOH: The Source of revenue-Tax division has recovered Rs 8 crore in money and 3 kilogram gold but even so incriminating paperwork in raids at the premises of businessman Shankar Rai and his brothers in Madhya Pradesh’s Damoh district, an authentic stated on Friday.

The raids, which started on early Thursday, had been nonetheless proceeding, Source of revenue Tax (Investigations) Jabalpur circle joint commissioner Munmun Sharma instructed PTI. All over searches up to now, Rs 8 crore in money has been recovered. Of this, Rs 1 crore was once discovered hidden in a water container, the authentic stated. But even so, gold weighing 3 kilogram has been recovered, she stated.

The authentic stated I-T sleuths have discovered incriminating paperwork associated with the wealth accumulated by means of the Rai brothers. The papers discovered all over the searches counsel the Rais had bagged contracts of liquor stores and had been working luxurious buses within the names in their staffers, she added.

Sharma stated the I-T division has introduced a money praise of Rs 10,000 for any individual who supplies knowledge to them in regards to the wealth of Shankar Rai and his brothers.

Just about 200 body of workers, together with I-T division staffers and policemen from Indore, Bhopal, Jabalpur and Gwalior, had been wearing out searches at more than a few premises of the businessman and his brothers Kamal Rai, Raju Rai and Sanjay Rai, officers have stated.

The Rai circle of relatives is into liquor and delivery trade and likewise runs petrol stations in Damoh, in line with resources.