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I-T recovers Rs 1.64 crore cash, Mont Blanc pens worth Rs 50L after raids on retired UP IAS officer

Press Trust of India  |  New Delhi/Lucknow 

Cash worth over 1.64 crore, pens of 50 lakh, four luxury SUVs and documents indicating benami assets of 300 crore have been recovered during the raids on premises linked to a retired IAS of cadre, who served in top positions during Mayawati's ministership, officials said Wednesday.

The taxman had swooped down on a dozen premises linked to 1979-batch after it had "credible inputs" that the former top bureaucrat and his associates have made "accommodation or bogus entries of about Rs 95 crore from Kolkata-based shell firms" in the past, including in the post-demonetisation period.

They said after the over 26-hours long searches, the department has recovered a total of Rs 1.64 crore in cash from three houses in and Delhi, while another Rs 50 lakh is believed to be stashed in a bank locker, which will soon be opened.

The officials said the former bureaucrat was "negotiating" for a ticket from a party and that is when he came under the scanner of the tax department.

Officials also recovered pens of Rs 50 lakh, four 'benami' luxury cars, including a Mercedes and two Fortuners, and documents that indicate illegal assets worth around Rs 225 crore.

Documents related to 30 shell firms, in which Net Ram's family members and in-law's were shareholders, have been recovered and are being scrutinised.

The searches resulted in the detection of six properties in posh locations of (KG Marg and GK-I) and (Babulnath on Charni road and Huges road) and three houses in purchased "out of bogus share capital of Rs 95 crore", they said.

was to then Minister during 2002-03, her third stint in power in the state.

The has served in various capacities in UP, including heading the excise, sugar industries and cane department, stamp and registration, and civil supplies department.

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

First Published: Wed, March 13 2019. 19:56 IST
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