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CGHS medicine supplier "surrenders" Rs 200 cr black money

Press Trust of India  |  New Delhi 

One of the biggest suppliers of medicines to Central Health Scheme (CGHS) hospitals "surrendered" Rs 200 crore he allegedly held in after the Department recently raided his premises, official sources said today.

They said the Delhi-based businessman's premises were searched by the I-T sleuths a few days back on suspicion of "huge" evasion by him and his business enterprises.

"The man, who is one of the largest suppliers of medicines to the CGHS, has surrendered Rs 200 crore as black money. evasion investigations against him are still ongoing," a senior I-T officer said.

Sources claimed that the businessman, who could not be contacted by the PTI for comments, was also constructing a large mall in the national capital, apart from funding few other large business projects.

They added that the tax department is in the process of opening his lockers and examining his financial documents to ascertain the exact amount of tax he evaded.

The CGHS hospitals are run by the Ministry of Health and Family Welfare, and the official website says they provide "cheap medical care to central employees, pensioners and all the four pillars of democratic set up in India namely Legislature, Judiciary, Executive and the Press.

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

First Published: Thu, November 09 2017. 21:22 IST