Ministry of Finance
The Income Tax Department carried out a search and seizure operation on 20.08.2020 at various locations in Bhopal.
The key person of one of the groups covered used to run a bangles shop. Another person covered is a property builder/developer and is also running a cricket academy. During the course of the search operation, documents pertaining to about 100 properties in the nature of plots, flats and agricultural lands having market value of about Rs.105 crore have been found. Documents indicate that a huge amount of undisclosed cash was invested in these properties in the last 6 years. Most of the properties have been found in the names of persons of no means, indicating that these are benami properties. During the search, cash and jewellery worth Rs. 1.8 crore have been seized.
Further, documentary evidence gathered during the search operation indicates partnership/association with some retired government servants and holding of their benami properties.
Investigations are still in progress.