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Unaacounted assets worth Rs 22 cr seized in IT raids

Written by: Staff

Jaipur, Apr 29 (UNI) The Income Tax department has seized jewellery and unaccounted assets worth Rs 22 crore after raids on three prominent jeweller groups here.

According to IT department, the raids conducted on houses, property and business establishments at 15 different places, revealed unaccounted for cash, jewellery and documents from six showrooms of a particular group. The raids have been going for the past two days here.

The sources said around Rs 6.5 crore cash, jewellery worth Rs 86 lakh and documents worth Rs 10 lakh have been seized from the above group.

The sources said in terms of seized unaccounted cash, it is one of the biggest raids ever conducted here. Some lockers of the jewellers are yet to be opened.


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