The Income Tax Department is under raid on 42 locations of entry operator Sanjay Jain and his beneficiaries in many states including Delhi-Haryana. The Income Tax Department has raided 42 premises of entry operator Sanjay Jain and his beneficiaries in Delhi-NCR, Uttarakhand, Haryana, Punjab and Goa. So far, Rs 2.37 crore cash and jewelery worth Rs 2.89 crore have been recovered in these raids and search is still going on.
The Central Board of Direct Taxes said that through fake billing in the past, a large network of individuals running a large number of cash entry operations and production rackets was busted and large amounts of money and jewelery were seized by action.
Income Tax Department is raiding 42 premises in Delhi-NCR, Uttarakhand, Haryana, Punjab & Goa of entry operator Sanjay Jain & his beneficiaries. Rs 2.37 crores cash & jewelery worth Rs 2.89 crores recovered. Searches underway. More details awaited: sources pic.twitter.com/OcZ680WNIs
– ANI (@ANI) October 27, 2020
It was further stated that during raids, evidence of housing entries worth more than Rs 500 crore was seized. Jewelry worth 2.89 including cash worth Rs 2.37 crore has been seized. Apart from this, 17 bank lockers have also been reported, which are yet to be operated. Further investigation is underway.