Tax Dept. Seized Undisclosed Cash Worth More Than Rs. 351 Crore From Business Linked to Politician MP Sahu
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- Last Updated on 23 December, 2023
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Press Release, dated 21-12-2023
The Income-tax Department conducted a search and seizure operation on 06.12.2023 on a group engaged in the business of manufacturing and selling country liquor, grain-based alcohol, bottling of foreign liquor, running hospitals and educational institutions, etc.
This operation covered more than 30 premises spread across 10 districts in the States of Odisha, Jharkhand and West Bengal. The business of the group is controlled by a family based in Ranchi, Jharkhand. One of the group’s family members is also a Politically Exposed Person residing in Ranchi.
During the search operation, many incriminating evidence in the form of documents and digital data has been found & seized. Preliminary analysis of seized evidence reveals records of unaccounted sales of country liquor, systematic details of undisclosed cash receipts and references for movement of unaccounted cash.
The facts unearthed during the search operation indicate that the group has indulged in huge suppression of income earned from the liquor business.
The search operation has also seized undisclosed cash amounting to more than Rs. 351 crore and unaccounted jewellery exceeding Rs. 2.80 crore. Further investigations are in progress.
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