Rajasthans income tax department recovered over Rs 10 crore from eight bank lockers of a stock broker in Jaipur on Tuesday. Damodar Modi, who also deals in real estate, is a member of the VHP and, according to sources, was allegedly a money laundering agent for some senior BJP leaders.
Ending two days of search and investigation by I-T officials , Modi disclosed cash and property worth Rs 22.80 crore on Tuesday. Officials recovered Rs 10 crore in cash from eight bank lockers, which is the biggest haul during a single drive by the department.
VHP general secretary Giriraj Kishore said, Damodar Modi is a member of the VHP, but he does not hold any post in the organisation. This is his business, in which money comes in the evening and goes out by the evening. He must be keeping receipts of the transactions. This looks like political vendetta.
According to IT officials, the documents seized have contact numbers of more people who the officials believe might be part of the money laundering chain. But they did not provide any more detail.