Summary:
INDORE: Soya refinery firms, Ambika and Dhanuka , have jointly admitted to having over Rs 60 crore as undisclosed income on which they will pay the taxes. We found that Rs 518 crore bank frauds have been done by using bogus invoices and receivables used to take bank loans.”Income tax sleuths seized jewellery worth Rs 6 crore and recovered close to Rs 2 crore in cash besides taking lockers in possession. There is no direct relation of Manish Jain with these firms, but, indirectly there is some connection. The investigation team had travelled for around six hours in more than 80 vehicles posing as lost members of a marriage procession to trace the tax evaders. It was a big operation wherein we took help of bomb detection squad and advanced means to carry out the search.”The official said, “We are investigating the matter..