The Income Tax department has conducted perhaps the largest raids right before 2019 Lok Sabha elections which is just days away. As we reported, senior AICC (All India Congress Committee) official, SM Moin’s resident in Delhi was raided by the Income Tax department. A Republic report said that Moin is under the scanner for receiving Rs 20 crore from Bhopal, and the raid was done pertaining that transfer.
We will be updating this article with all the latest information pertaining to this raid and the high political drama that is ensuing owing to these raids that might put Congress in the dock right before elections commence.
9th April, 9:00 AM
Reports have now emerged that the Deputy Secretary of the Finance Ministry has written to the Election Commission regarding the Income Tax raids against AICC functionary and the revelation that the illicit money was transferred to a “major political party”. The letter to the Election Commission says that the Finance Ministry agrees with the observation that such malpractices need to come to an end. The letter said that the Finance Ministry agrees that such operations need to be conducted ruthlessly. The letter also says that the departments have always been fair and impartial. This letter comes after several questions have been raised on the impartiality of the Election Commission and Income Tax Department by members of the opposition and especially Congress which is now under the I-T scanner.
#Breaking | Finance Ministry writes to EC over raids. More details by @SherineElizabe2 . pic.twitter.com/VAmHPPKTmX
— TIMES NOW (@TimesNow) April 9, 2019
8th April, 11:00 PM
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While Republic TV reporter Amit Choudhry was trying to report the raids from the location of Moin’s residence, he was heckled, pushed, abused and assaulted repeatedly by supporters of Moin who were attempting to stop the reporter from doing his job. It is also reported that the mob also attempted to damage the camera and equipment of the media crew.
8th April 2019
After the raids in Madhya Pradesh, Income Tax officials have detected a racket of collection of unaccounted cash through various persons, including businessmen, politicians and bureaucrats. The amount of such unaccounted case detected so far is Rs 281 crore. Unaccounted cash of ₹ 14.6 crores also has been found so far in the raids, along with liquor bottles, arms and hide skins of the tiger.
The residence of SM Moin in Delhi, who is a senior functionary of Congress, was raided by the Income Tax department. Moin is under the scanner for receiving Rs 20 crore from Bhopal, and the raid was done pertaining that transfer.
Senior Congress leader Ahmed Patel rushed to the residence of Moin in Delhi when I-T officers were conducting search operations there. According to the website of the Congress party, SM Moin is the Administrative Officer of AICC. Therefore, it can be presumed that the major political party mentioned in the CBDT release is the Congress party.
A press release issued by the CBDT said that a part of this amount was transferred to the head office of a major political party located at Tughlaq Road in Delhi, which included Rs 20 crore transferred through hawala route. This amount was moved through a senior functionary of the party.
7th April 2019
Income-Tax (IT) Department had conducted raids on more than 50 locations connected to Kamal Nath, MP Chief Minister’s OSD, Ratul Puri (Kamal Nath’s nephew), Amira Group, and Moser Bayer. The IT Department had recovered a diary during these raids, which has revealed the money trail between shell companies to convert crores of rupees into dollars using bogus bills. The seized diary suggests that nearly Rs.242 crores were transferred to five ‘shell’ companies owned by Parasmal Lodha. A Kolkata-based company was also used for infusion of bogus capital to the tune of Rs.125 crores. Reportedly, Moser Baer group also bought shares worth Rs.250 crores through shell companies from Mauritius. The diary also reveals that Deepak Puri had allegedly collected money from various sources to get it converted into dollars through issuing bogus bills.
The Income Tax department had conducted raids in over 50 locations with over 300 Tax sleuths
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