MP IT raid: Rs 281 crore racket of slush funds detected.

The Central Board of Direct Taxes (CBDT) said the department has also detected a trail of Rs 20 crore suspect cash allegedly being moved to the “headquarters of a major political party in Delhi” from the house of an important person who lives on Tughlaq Road, home to many VIPs.

“Rs 14.6 crore of unaccounted cash has been found so far, besides 252 bottles of liquor, few arms and tiger hide-skins,” the CBDT said in a statement issued late night.

The CBDT frames policy for the I-T Department.

“Searches in Madhya Pradesh have detected widespread and well-organised racket of collection of unaccounted cash of about Rs 281 crore through various persons in different walks of life, including business, politics and public service.

“A part of the cash was also transferred to the headquarter of a major political party in Delhi, including about Rs 20 crore, which was moved through hawala recently to the headquarter of the political party from the residence of a senior functionary at Tughlak Road, New Delhi,” the CBDT said.

It added that the searches in Delhi in the group of a close relative of the senior functionary have further led to the seizure of “incriminating evidence, including cash book recording unaccounted transactions of Rs 230 crore, siphoning off money through bogus billing of more than Rs 242 crore and evidence of more than 80 companies in tax havens.”

The CBDT said several unaccounted/benami properties at posh locations in Delhi have also been detected. It said these “instances of violations of the model code of conduct are being brought to the notice of the Election Commission”.

The searches, on charges of alleged tax evasion and hawala transactions during the ongoing poll season, continued Monday at various premises in Bhopal, Indore, Goa, Delhi and the national capital region.

The department had Sunday launched pre-dawn raids at 52 locations of people and associates linked to Nath by involving about 300 tax sleuths.


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