Income Tax dept raids Surana Jewellers in Nashik, seizes $3.1 million in cash, assets worth $10.8 million
File photo.
The Income Tax Departmentcarried out raids onSurana 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 raidwas 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 Xwhichshowed department officials seizing multiple bundles of cash from the Surana Jewellers store.
A report by English Jagran on Sunday said that the raids continued for about 30 hours and targeted multiple locationsincludingthe proprietor's residence and his construction firm.The report said that around 50officials fromNashik, Nagpur and Jalgaon were part of this operation.
The raids started early morningwithofficials scrutinising financial records, transactional data, and pertinent documents.
Heavy police presencewas seenat the locations thatwere raided.
(With inputs from agencies)