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IT raids over 50 places in NCR, recovers rupees seven crore

Arnima Dwivedi

Arnima DwivediBy Arnima Dwivedi

Published on 7 Oct 2017 7:59 AM GMT

Income Tax raids over 50 places in NCR, recovers Rs seven crore
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New Delhi: The Income Tax Department on Saturday raided over 50 premises belonging to a leading auto spare parts manufacturing firm in the National Capital Region and recovered cash worth Rs seven crore, officials said.

An IT official requesting anonymity said that the searches were carried out at offices and properties of the Jai Bharat Maruti Group across Delhi, Harayana's Gurugram and Faridabad and Uttar Pradesh's Ghaziabad.

Besides the cash, three kg of gold was also recovered.

Also Read: PM Modi lambastes opposition for its narrow vision over GST

According to IT officials, the Jai Bharat Maruti Group, is a leading supplier of automobile spare parts to firms like Maruti Suzuki and Ashok Leyland.

The official also said that the raids were being carried out since Thursday.

Arnima Dwivedi

Arnima Dwivedi

A journalist, presently working as a sub-editor with newstrack.com. I love exploring new genres of humans and humanity.

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