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

Finds links to Hawala sale of medicines to Afghanistan

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Further investigations are in progress, the MoF said

Sohini Das Mumbai
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