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IT raids over 50 places in NCR, recovers Rs 7 cr

Posted By: Doraiah Vundavally October 7, 2017

IT raids over 50 places in NCR, recovers Rs 7 crNew Delhi, Oct 7 (IANS) The Income Tax Department on Saturday raided over 50 premises belonging to a leading auto spare parts manufacturing firm in the National Capital Region and recovered cash worth Rs seven crore, officials said.

An IT official requesting anonymity told IANS that the searches were carried out at offices and properties of the Jai Bharat Maruti Group across Delhi, Harayana's Gurugram and Faridabad and Uttar Pradesh's Ghaziabad.

Besides the cash, three kg of gold was also recovered.

 

According to IT officials, the Jai Bharat Maruti Group, is a leading supplier of automobile spare parts to firms like Maruti Suzuki and Ashok Leyland.

The official also said that the raids were being carried out since Thursday.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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IT raids over 50 places in NCR, recovers Rs 7 cr

About VDC

Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.