NCR: Raids on 3 business groups in NCR, Rs 4 cr seized - News Summed Up

NCR: Raids on 3 business groups in NCR, Rs 4 cr seized


NEW DELHI: The I-T department searched premises of three business groups in Delhi, Faridabad and other places in the national capital region on Tuesday in connection with Panama papers and seized Rs 4 crore in cash, besides jewellery and documents and computer hard disks.In the Panama papers leak case, the I-T probe has so far searched more than 35 entities and conducted survey on 11 others and detected undisclosed income of Rs 800 crore.On Tuesday, the Delhi units of the I-T investigation searched three groups, one of which in the metal and food processing sector has a declared turnover of around Rs 500 crore.


Source: Times of India November 28, 2017 23:15 UTC



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