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New Delhi
The Income Tax Department carried out raids on Surana Jewellers and other establishments of its proprietor in the Indian city of Nashik, Maharashtra and seized $3.1 million (Rs 26 crore) in cash, besides undisclosed wealth, the news agency ANI reported on Sunday (May 26). The raid was carried out following reports of alleged undisclosed transactions by Surana Jewellers' proprietor.
Moreover, documents of unaccounted wealth worth $10.8 million (Rs 90 crore) were also seized. The video of a raid was shared by ANI on X which showed department officials seizing multiple bundles of cash from the Surana Jewellers store.
Income Tax Department launched a raid on Surana Jewellers in Nashik, in response to alleged undisclosed transactions by the proprietor. About Rs 26 crore in cash and documents of unaccounted wealth worth Rs 90 crore have been seized in raids carried out by the Income Tax… pic.twitter.com/XJ0wyuI8HQ
— ANI (@ANI) May 26, 2024
A report by English Jagran on Sunday said that the raids continued for about 30 hours and targeted multiple locations including the proprietor's residence and his construction firm. The report said that around 50 officials from Nashik, Nagpur and Jalgaon were part of this operation.
The raids started early morning with officials scrutinising financial records, transactional data, and pertinent documents.
Heavy police presence was seen at the locations that were raided.
(With inputs from agencies)