This jeweller was convicted after he parked Rs 96 Lakh in a Swiss bank
After it was found that this jeweller had Rs 96 lakh in a Swiss Bank account, a court in Dehradun has sentenced him to two years imprisonment. The court also slapped a fine of Rs 8 lakh on the jeweller Raju Verma.
The IT department had found that he had parked Rs 96 lakh in his Swiss Bank account in 2006. This he had not disclosed to evade tax, the IT department had said. After the order was passed, he was however freed granting him time to appeal before a higher court.
The IT department had received a written complaint in 2012 claiming that he had had a personal bank account in HSBC's Geneva branch in Switzerland which was not disclosed to the government. Based on this a raid was conducted following which important documents regarding the Swiss Bank account were recovered.
The department then filed a complaint with the economic offences wing of the CJM court, Dehradun on April 4 2015.