India: I-T raids on former Mayawati aide: assets worth Rs 225 crore, pens worth Rs 50 lakh - PressFrom - United Kingdom
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IndiaI-T raids on former Mayawati aide: assets worth Rs 225 crore, pens worth Rs 50 lakh

07:40  14 march  2019
07:40  14 march  2019 Source:   indianexpress.com

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Cash worth over Rs 1.64 crore , Mont Blanc pens of Rs 50 lakh , four luxury SUVs and documents indicating benami assets of Rs 300 crore have been recovered during the I - T Department raids on premises linked to a retired IAS officer of Uttar Pradesh cadre

Cash worth over Rs 1.64 crore , Mont Blanc pens of Rs 50 lakh , four luxury SUVs and documents indicating benami assets of Rs 300 crore have been recovered during the I - T Department raids on premises Net Ram was secretary to then Uttar Pradesh Chief Minister Mayawati during 2002-03

I-T raids on former Mayawati aide: assets worth Rs 225 crore, pens worth Rs 50 lakh © Getty

The income tax department, which searched the premises of retired Uttar Pradesh-cadre IAS officer and aide to BSP chief Mayawati Net Ram on charges of alleged tax evasion Tuesday, has recovered cash worth Rs 1.04 crore along with detection of properties worth Rs 225 crore.

Four benami luxury vehicles, including a Mercedes and two Fortuners, Mont Blanc pens worth Rs 50 lakh and scores of property papers were found by the tax department during its searches, a senior tax official said. Documents of gift of shares of shell company to family members of assessee were also found by the department, the official said.

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New Delhi/Lucknow: Cash worth over Rs 1.64 crore , Mont Blanc pens of Rs 50 lakh , four luxury SUVs and documents indicating benami assets of Rs 300 crore have been recovered during the I - T Department raids on premises linked to a retired IAS officer of Uttar Pradesh cadre

Documents of assets worth Rs 225 crore were also seized. Net Ram was Principal Secretary (Home) from 2007 to 2012. The Lucknow and New Delhi residences of retired IAS officer Net Ram, a close aide of former In addition to Rs 1.64 crore in cash and documents of assets worth Rs 225 crore

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On Tuesday, the tax department had conducted searches at 12 locations in Delhi and Lucknow linked to Net Ram.

The tax department official said 30 shell companies are alleged to have either his family members or his in-laws as shareholder and director. Also, he is alleged to have acquired 6 properties out of bogus share capital of Rs 95 crore — two properties in Delhi, one in Mumbai and three in Kolkata.

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(Video provided by The Times of India)


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