You are here: Home » News-IANS » Politics
Business Standard

Goa lost Rs 24,000 cr due to cash deals, revenue leaks at casinos: Congress

IANS  |  Panaji 

A day after a Minister hinted at setting up casinos on a strip of land near Panaji, the on Monday demanded a probe into the casino industry operating in the coastal state.

The alleged that casino operations were a strictly cash affair, and ran counter to Narendra Modi's vision of cashless transactions.

also alleged that the was losing Rs 4,000 crore to Rs 5,000 crore every year due to revenue leakages from the casino industry, adding that the Congress was against the casino industry in the tourist state.

"The calls for and using less cash. But the entire casino industry is running on cash. 90 per cent is in cash transactions, which are never shown on their books. Their computer system is such that if there is a transaction of Rs 1 lakh, it will show as only Rs 10,000. It is automatic. The DRI (Directorate of Revenue Intelligence) should raid, the Income Tax should raid and check," Chodankar said.

On Sunday, had backed the concept of offshore casinos being moved to a strip of land near Panaji, on the lines of the casinos at the

Because of this revenue system, because there is no check on what is happening inside the casinos, the has lost Rs 24,000 crore in revenues since 2012.

Currently, there are six offshore casinos anchored and operating from the off Panaji, while there are about nine onshore casinos that function out of the numerous five-star resorts that dot the state.

When in the opposition during 2007-2012, the BJP had opposed casino operations in Goa, licences for most of which had been granted by the previous Congress-led coalition governments.

Top BJP leaders, including Parrikar, had on several occasions vowed to shut down the offshore casino industry once the saffron party came to power.



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

First Published: Mon, November 05 2018. 21:36 IST