Mumbai: Investigation Tax Investigation Wings have diged racquets involving intermediaries that operate from a permanently ordered suite in a five-star city hotel and provide end to end services in the name of the state ministers and entrepreneurs.
Services range from land allotment to get government permits, I-T says in press releases.
Intermediaries are also paid by bureaucrats in Maharashtra to secure favorable posts and government contractors to get cleaned payments, releases added.
I-T searches three days starting September 23 in a suite along with 25 housing places and 15 offices.
Detected transactions worth Rs 1,050 Crore, he said.
Mobile phones, drive pens, hard drives and suspect email confiscated during operation.
I-T has also confiscated RS 4.6 Crore Cash, Jewelry Rs 3.42 Crore and controlled the use of four bank lockers.
The four intermediaries use ‘Angadiyas’ to transfer cash, he said.
Money includes cash paid by babus to post: I-Tthe Release said, “Syndicate, which consists of entrepreneurs / intermediaries / people who hold public offices, use various code names in their records, and in one case have been practicing 10 year.” It was said that the money seized included “cash paid by bureaucrats to get the main post” and paid by “contractor to get the payment released”.
I-T officers also recover documents including summaries of cash produced and channeled with the details of the amount received and receivables.
The department said it found the main source of the cash generation related to bureaucrats that pay to secure significant posts.
The investigation also revealed that one of the intermediaries had gathered countless wealth by buying land from farmers in Maharashtra at low prices and then selling it to government efforts or large companies with a higher level.
Note I-T The press said, “Lots of senior bureaucrats, their relatives and other prominent people have been found to have invested in this scheme.” Men are receiving funds from entrepreneurs and industrialists to assist in the acquisition of land under the government scheme.
Officials said they found evidence that included Date-wise transactions for cash deposits around Rs 27 Crore and cash payments around RS 63 Crore to various people whose names began with code words.
In chat involving one of the four intermediaries, I-T discovered the details of cash transactions, revealing the cash receipt around Rs 16 Crore and Outflow around RS12 Crore.
The department said it developed intelligence for six months with supervision.
They use encrypted communication mode and can even track secret intermediary hideouts, from where evidence recovers.