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Hawala racket exposed after Income Tax Raid in Raipur

The Income Tax Department conducted search and seizure operations on 21.06.2021 on a Raipur-based hawala operator after receiving specific actionable intelligence.

The Central Board of Direct Taxes (CBDT) said, "The modus operandi involved not only giving accommodation entries of sale, purchase etc to people, but also transportation and end-use facilitation of unaccounted money. During the course of the search, unaccounted cash amounting to approximately Rs. 6 crore has been seized. A number of digital devices in the form of a computer hard disc and pen drives having details of hawala transactions have been seized."

"Preliminary estimates suggest that hawala transactions exceeding Rs. 100 crore may be involved," Department said.

(Except for the headline, this story has not been edited by TaxGyata team)


TaxGyata Team

TaxGyata Team

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