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IT Raid: Raid on 40 locations of 4 builders, cash worth crores recovered, more than 400 employees engaged in investigation, created panic – Bollywood Keeda

IT Raid. The Income Tax Department team has conducted raids at 40 locations of four builders in the country’s capital Delhi and adjacent Noida. More than 400 IT officials are conducting raids. It is being told that these builders are accused of tax evasion. The IT department has also seized important documents from them. Besides this, cash worth crores has also been recovered.

According to media reports, in the name of selling commercial space, a game of tax evasion is being played on a large scale through cash transactions by four builders (Bhutani Infra, Group 108, Advant, Logix) and two broker companies in Noida. Against this, Income Tax has started search at 37 places in Noida, Delhi and Faridabad on Thursday, which has increased to 40 places on Friday. In the search so far, Rs 2 crore cash and documents of cash transactions worth Rs 50 crore have been seized from the builders’ locations. This search is expected to take a long time.

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It is becoming clear from the documents that the contract to sell Logics Group commercial space has been taken by the Bhutanese Group, everyone’s stake in it is fixed. More than 400 personnel and officers of the Income Tax Department are engaged in the search. Search is going on at 21 places in Noida, 18 in Delhi and one place in Faridabad. This entire game was done to sell the commercial plot space of Logix Group. Logix made an internal agreement with the Bhutanese group for this. Under this, Bhutanese started selling this space. Here most of the money was spent in black.

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