Panama: I-T raids 25 locations in Delhi-NCR, seizes Rs 4 cr cash, jewellery

The Income Tax (IT) department on Tuesday conducted searches at over 25 locations in Delhi and the National Capital Region in connection with its tax evasion probe into the Panama Papers leak cases, official sources said.

The I-T teams swooped down on three business groups, which had interests in metals and food processing, financial services and tyres, they added.

The department had recovered about Rs 4 crore cash and jewellery during the ongoing searches in Delhi, Ghaziabad and Faridabad till now, the sources said, adding that a number of documents, computer hard discs and CDs were seized.