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I-T Department raids auto parts manufacturing firm in NCR, recovers Rs 7 cr

Besides the cash, three kg of gold was also recovered

IANS  |  New Delhi 

I-T, income tax, raid, scanner, investigation, money laundering,

The Department on Saturday raided over 50 premises belonging to a leading auto spare parts manufacturing firm in the National Capital Region and recovered 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 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.

First Published: Sat, October 07 2017. 18:56 IST