Madhya Pradesh Businessman Shankar Rai Raided, 8 Crores Discovered In Water Tanker


A video displays the tax officers drying the money.

Bhopal:

Madhya Pradesh-based businessman Shankar Rai and his circle of relatives within the state’s Damoh district had been raided on Thursday and unaccounted money value over Rs 8 crore used to be recovered, the Source of revenue Tax Division has stated.

The money used to be present in a bag that used to be hidden in an underground water tank. A video displays the tax officers drying the money. Excluding money, jewelry value round Rs 5 crore used to be additionally seized.

“The Source of revenue Tax Division has seized Rs 8 crore in money from the Rai circle of relatives which additionally incorporated a bag containing Rs 1 crore in money filled in a water container. But even so, 3 kilograms of gold used to be additionally confiscated,” stated Munmun Sharma, Joint Commissioner of Source of revenue Tax Division, Jabalpur, who headed the tax raid.

Whilst Mr Rai has served because the Damoh Nagar Palika chairman with the Congress backing, his brother Kamal Rai used to be previous Damoh Nagar Palika vice-chairman with backing from the BJP.

The raid which began at 5 am on Thursday persisted for 39 hours. The Tax officers raided greater than ten premises owned by way of Shankar Rai’s circle of relatives.

Mr Rai’s circle of relatives used to be working round 3 dozen buses within the identify of workers, the tax division printed.

The dep. has declared Rs 10,000 praise for any individual giving additional information on property of the Rai circle of relatives in Madhya Pradesh or another location.

After the operation used to be over, the Joint Commissioner stated, “The bodily raid is over and that investigation will proceed at the foundation of the paperwork seized from the Rai circle of relatives which might be performed in Bhopal,”

“The dep. will now examine the seized paperwork and unnamed houses. So, we will be able to need to look ahead to the overall determine”, stated The Joint Commissioner.

In January 2019, ex-Samajwadi Birthday celebration MP from East Uttar Pradesh’s Chandauli seat Jawahar Jaiswal (wearing Rs 25,000 on head in homicide case) used to be arrested by way of UP STF from premises of Sanjay Rai (Shankar Rai’s brother).



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