I-T dept searches properties of MP CM Kamal Nath's aides; huge illegal cash recovered
The Income Tax Department Sunday launched pre-dawn raids at 52 locations, including in Delhi and Madhya Pradesh, against close aides of MP Chief Minister Kamal Nath and others on charges of tax evasion and hawala transactions, officials said.
A team of nearly 200 officials from I-T department and state police swooped down on the premises at around 3am and recovered undisclosed cash amounting to Rs 10-14 crore, they said.
Sources added there is a "strong possibility" of this cash being used as an election inducement to fund political campaigns and bribe voters in the poll-bound state and in Delhi.
A preliminary report of the raids has been shared with the Central Board of Direct Taxes, the policy-making body of the I-T department, and the Election Commission in Delhi, the sources told
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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