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Chhattisgarh News
Income Tax sleuths raid 25 business establishments, residences in Chhattisgarh, MP
17-10-2014

RAIPUR: The Income tax officials on Thursday raided nearly 25 premises of several business groups across Chhattisgarh and Madhya Pradesh. A senior official of Income Tax department said that searches were initiated from Jabalpur and covered entire MP and Chhattisgarh states. While 10 business premises and residences were raided in Chhattisgarh, about 15 locations were raided in MP.

Giving details about the raid, officials said 7 premises in Bilaspur, one each in Rajim, Ambikapur and Raipur were covered in Chhattisgarh. Officials said most these business houses are linked and have common business interests.

According to officials raids were conducted at Jagdamba Constructions in Raipur, owned by Shankar Agarwal, in Bilaspur at a Soyabean extraction and sponge iron plant and three residences and offices owned by Santosh Singhania, in Rajim at Jewellery shops owned by Ashish and Ashok Bothra and in Ambikapur at the office and residence premises of Vijay Agarwal.

The raids are being carried out by almost 150 personnel of IT department of MP and Chhattisgarh. The operation commenced at 9 AM and was underway till the filing of the report.

According to officials, the search and seizure operations had led to the recovery of several incriminating documents, which have been seized and sealed. Cash of nearly Rs one crore had been also seized and more seizures were likely.