Income Tax raids at Sula Vineyards and director Rajeev Samant's properties
India raids
Media reports say that the raids were in association with the information disclosed in Panama Papers, however, Samant had denied these claims
The Income Tax department raided 20 properties of Sula Vineyards, its director Rajeev Samant as well as companies linked with him, located in Mumbai and Nashik, on Friday until Sunday.
Media reports say that the raids were in association with the information disclosed in Panama Papers. However, Samant had denied these claims.
The Panama Papers are filesreleased by one of the world's biggest offshore law firms, Mossack Fonseca, which help in tracking undeclared assets of the worlds rich.
Reports say that the IT officials have taken all the documents and evidence from Rajeev's companies to compare them with the information mentioned in Panama Papers in order to find any such links.
It was reported that documents have been found which show that the company deposited Rs. 1.5 crores in demonetized currency earlier.
The department has also found documents showing alleged fraud of the Tonnage Tax Scheme used for maritime businesses, further inquiry is being made, reports said.
The information against Sula Vineyards initially came toEnforcement Directorate's attentionin association with the case enquired against senior NCP leader and former minister Chhagan Bhujbal.