Thursday, December 19, 2024 | 05:52 PM ISTEN Hindi

Home / India News / I-T dept raids Delhi-Haryana pharma and realty cos; seizes cash and gold

I-T dept raids Delhi-Haryana pharma and realty cos; seizes cash and gold

Finds links to Hawala sale of medicines to Afghanistan

Premium

Further investigations are in progress, the MoF said

Sohini Das Mumbai

2 min read Last Updated : Jul 09 2022 | 1:27 AM IST

The Income Tax Department carried out search and seizure operations on June 29 on pharmaceutical manufacturers and distributors in Delhi-NCR and Haryana along with some real estate players in the region, according to a Ministry of Finance release today. Cash receipts through hawala for sale of medicines to Afghanistan have been admitted by a key person involved in such transactions, the ministry statement claimed.

So far, unaccounted cash of Rs 4.2 crore and jewellery or bullion worth Rs 4 crore have been seized.

The search covered 25 premises in Delhi-NCR and Haryana.

"A large number of incriminating documents in the

Topics : Income Tax department IT raids medicine Afghanistan Delhi-NCR Haryana hawala cash jewellery Drug firms Indian drug firms

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in