MP: IT raids unearth over Rs 4 cr of undisclosed income

The Income Tax department today conducted simultaneous raids at seven properties belonging to different traders here and recovered Rs 4.34 crore of undisclosed income.
"Acting on specific information, an IT department team comprising nearly 50 officials yesterday raided four shops in bullion market, two ginning factories and an oil mill, following which the establishments surrendered undisclosed income of Rs 4.34 crore," Joint Commissioner, IT Indore, R R Meena said.
"The amount surrendered by the firms included Rs 76 lakh by Sonam Codex, Rs 51 lakh by Suchita Industries and Baby Oil Mill, Rs 55 lakh by Surti Jewellers, Rs 70 lakh by Abhinash Jewellers, Rs 82 lakh by Motilal Hiralal, and Rs one crore by Vardhani Jewellers," he said.

"The accused made the use of VOIP (Voice over Internet
Protocol). The reference number and registration number of the IRS officials of the US were brought in for the purpose. Thus, in this manner they extorted money," the district police chief said.
The daily turn over of these call centres was to the tune of nearly Rs 1 crore to Rs 1.50 crore. And the annual turn over could be well above Rs 300 crores, he said.

The employees at these call centres were paid around Rs 10,000-30,000 and also got incentives accordingly. The other perks included increments and bonus.

"We worked on the information we received. Even the US agencies were not involved in it. Now, we will share the information with the US authorities concerned," he said.
Singh said that he had apprised Maharashtra Director General of Police Satish Mathur about the case and due permission was obtained before carrying out the raids.
Police have also received certain information that some of the associates of the call centres operators here were in the US, who were helping them run the racket from here.
Owners of the call centres are currently at large and would be nabbed soon, he said.

He said assistance of IT experts and CAs would be sought for further investigation, adding that a chargesheet will be filed within stipulated 90 days period.
Police also seized literatures, 851 hard discs, different high end servers, DVR, laptops, mobile handsets and other electronic gadgets, valued at around Rs 1 crore.
Among the 70 arrested, the key persons were identified as director Haider Mansuri (24), business manager Shain alias Hamza Balesar (35), manager Kabir Gupta (26), Arjun Vasudev (24), Abdulla Zariwalla (22), manager Johnson Dantosa (24), Govind Thakur (28) and Ankit Gupta (19).