Summary:
The raids were conducted on the basis of information regarding disproportionate assets and investing undeclared wealth in the real estate. Sleuths seized documents for investigation from the two factories of the functionary, who contested the Assemby elections in 2012. They will now have to pay the interest as well as a penalty on this amount, an official said.Similarly, the petrol pump owner who had not disclosed the source of Rs 15 crore income, will also have to pay the fines. Officials also confiscated Rs 15 lakh and 2kg gold from the man’s house and lockers. Sleuths also raided the homes of his two brothers.As many as 17 teams were formed by the I-T department to conduct raids on homes and other properties of these people in Modinagar..