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More than 100 Crores in black money was unearthed in IT raids across the country, which began after the declaration window under the Pradhan Mantri Garib Kalyan Yojana closed on March 31. Several premises of an Ahmedabad-based business group is said to have been the target of the first set of raids carried out at 50 different locations across the country.
In the latest raids conducted in Tamilnadu, which included the premises of health minister C Vijayabaskar, over 5 crore cash and several incriminating documents having reference to the upcoming by-poll in RK Nagar were also seized.
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| IT Raids in Chennai |
The crackdown revealed that the amount of money distributed in RK Nagar could be as high as 100 crores. Politicians, especially the Sasikala faction, has called the raids as political conspiracy, while the opposition DMK seized the opportunity to target Vijayabaskar, demanding his resignation.
The income tax department had been urging all black money holders through a series of advertisements, giving a last opportunity to avail a voluntary declaration scheme through PMGKY to come clean. It had also cautioned that defaulters would face stringent action and that the names would also be shared with ED and other investigative agencies.
- Karnataka Express Bureau.
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