The Income Tax Department has revealed a large network of money fraudulently by creating fake bills. So far, in this case, evidence of misappropriation of more than 500 crores has been found on the basis of fake bills, which have been seized. The Income Tax Department raided and searched 42 locations in Delhi-NCR, Haryana, Punjab, Uttarakhand and Goa. During the course of action, many evidence were seized against the entry operators, middlemen, beneficiaries and companies, who manipulated the money on the basis of fake bill.
Loans given to fake companies
From the evidence found in the search, it has been revealed that the entry operators used the names of many fake companies to withdraw large amounts of money on the basis of fake bills and to give unsecured loans. Details of such operators, their fake partners as well as beneficiaries are clearly recorded in the seized documents.
Fraud in fraud in collusion with bank officials
Information has also been received about the opening of several bank accounts and lockers and fake companies in the names of those against whom the Income Tax Department has conducted searches. All these works have been done with the connivance of bank officials. People who have benefited from this fraudulent business have invested in real estate business in many big cities and have fixed crores of rupees in bank deposits.
17 bank lockers not yet used
During the search, Rs 2.37 crore cash and jewelery worth Rs 2.89 crore have been recovered. Apart from this, 17 such bank lockers have also been detected, which have not been used yet. The Income Tax Department is investigating further in this matter.
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