In 31 raids on bullion traders IT sleuths find Rs 123 crore discrepancies

  • | Friday | 20th July, 2018

AGRA: In one of the biggest income-tax raids post demonetization in West UP, the department conducted 31 raids on bullion traders’ firms and homes in Agra, Mathura, Delhi and Mumbai on Thursday and found discrepancies to the tune of Rs 123 crore. The raids will be continued on Friday.The raids were supervised by Amrinder Kumar, the principal director (investigation) for I-T department in Agra, along with Tarun Kushwaha, joint director (investigation). According to sources, Yogendra Mishra, deputy director (investigation), I-T department, led the teams at 18 places in Agra. The owner of the firm claimed to that a majority of the cash deposit was from sale of gold during demonetization. But during investigation, it was found that the Mumbai jeweller had closed down operations in 2012 and his firm was not in existence during demonetization,” said the source.

AGRA: In one of the biggest income-tax raids post demonetization in West UP, the department conducted 31 raids on bullion traders’ firms and homes in Agra, Mathura, Delhi and Mumbai on Thursday and found discrepancies to the tune of Rs 123 crore. The raids will be continued on Friday.The raids were supervised by Amrinder Kumar, the principal director (investigation) for I-T department in Agra, along with Tarun Kushwaha, joint director (investigation). According to sources, Yogendra Mishra, deputy director (investigation), I-T department, led the teams at 18 places in Agra. Teams also visited five places in Mathura and one each in Mumbai and Delhi.As many as 31 teams comprising I-T staff from Dehradun, Agra, Meerut , Kanpur and Noida conducted the raids.The I-T department sleuths armed with 24 warrants began the searches in 31 premises simultaneously. According to sources, out of the 31 premises, seven were only surveyed, including five at Agra, one each in Mumbai and Delhi.The sources said the bullion firms were linked to R S Bullion and Jewellers, Mathura, owned by Neeraj Agrawal and Neha Agrawal, while firms of bullion traders Sushil Chauhan and Ajay Garg in Agra were also raided.A sources claimed, “The team conducting the raid found a major discrepancy of Rs 123 crore while auditing the RS Bullion and Jewellers. The owner of the firm claimed to that a majority of the cash deposit was from sale of gold during demonetization. Further, the sleuths also found a huge number of transactions, which were mostly below Rs 50,000, probably to get black money regularized through fake gold sale.“The bullion trader also told I-T sleuths that his firm had a stock of gold purchased from a Mumbai-based firm, Vanity Jewellers. But during investigation, it was found that the Mumbai jeweller had closed down operations in 2012 and his firm was not in existence during demonetization,” said the source.

If You Like This Story, Support NYOOOZ

NYOOOZ SUPPORTER

₹ 10 - ₹ 1000

NYOOOZ FRIEND

₹ 2000 - ₹ 5000

Your support to NYOOOZ will help us to continue create and publish news for and from smaller cities, which also need equal voice as much as citizens living in bigger cities have through mainstream media organizations.


Stay updated with all the Agra Latest News headlines here. For more exclusive & live news updates from all around India, stay connected with NYOOOZ.

Related Articles
In 31 raids on bullion traders IT sleuths find Rs 123 crore discrepancies
  • Friday | 20th July, 2018
After Shiv Sena's threat, security of Taj Mahal to be increased
  • Saturday | 20th July, 2019
An 18-month-old girl raped in Agra
  • Wednesday | 8th May, 2019
Give water take votes Residents of 3 Hathras villages3 Hathras villages threaten to boycott polls if they donrsquot get drinking water
  • Monday | 1st April, 2019