New Delhi : Income Tax sleuths who raided Uttar Pradesh liquor baron and businessman Ponty Chadha's properties in the state and in Delhi in connection with suspected tax evasion found no money during the search at his Centerstage mall in Noida on Wednesday. Earlier, reports in some sections of media had claimed that money was retrieved from the mall during the raid.
A team of 20 officials armed with counting machines and gas cutters had raided the Centrestage Mall in Noida in the outskirts of Delhi to seize cash stored in its basement. However, no money was found after the lockers were opened.
Searches were also conducted in Delhi at 13 locations including at the posh Sainik Farms and in Lajpat Nagar. In UP, meanwhile, I-T teams comprising 200 officials undertook similar operations at six locations in Noida, Moradabad and the state capital, Lucknow.
Chadha, according to I-T sources, is in Dubai at present in connection with a family function. Neither Chadha, considered close to the Mayawati government, nor any of his family members could be reached for comment.
The searches, which began at around 10.30 on Wednesday, were initiated after the department got inputs regarding alleged tax evasion by firms associated with him, the sources said.
The department, according to the sources, were also looking at the possibility of illegal sale of liquor by certain firms in the run-up to the assembly polls in UP.
I-T sleuths also searched the properties of two of his alleged associates - Lalit Kapoor and Gurjeet Kochhar - in Delhi and are expected to question them about certain transactions.
The searches were conducted by the Delhi-based Criminal Investigation Unit of the department. According to sources, the searches were related to the alleged faulty pricing of huge liquor consignments in the state and other places.
They said that the department conducted the operation after gathering intelligence and other inputs about Chadha and his businesses in the last four months.
Chadha, who runs one of the largest liquor businesses in the state with numerous dealerships, also has business interests in the cinema and multiplex sectors.
More raid are expected to be carried out today.
A team of 20 officials armed with counting machines and gas cutters had raided the Centrestage Mall in Noida in the outskirts of Delhi to seize cash stored in its basement. However, no money was found after the lockers were opened.
Searches were also conducted in Delhi at 13 locations including at the posh Sainik Farms and in Lajpat Nagar. In UP, meanwhile, I-T teams comprising 200 officials undertook similar operations at six locations in Noida, Moradabad and the state capital, Lucknow.
The searches, which began at around 10.30 on Wednesday, were initiated after the department got inputs regarding alleged tax evasion by firms associated with him, the sources said.
Advertisement
I-T sleuths also searched the properties of two of his alleged associates - Lalit Kapoor and Gurjeet Kochhar - in Delhi and are expected to question them about certain transactions.
Advertisement
They said that the department conducted the operation after gathering intelligence and other inputs about Chadha and his businesses in the last four months.
Advertisement
More raid are expected to be carried out today.
Advertisement
COMMENTS
Advertisement
Liquor Baron Ponty Chadha's Rs 400 Crore Farmhouse In Delhi Demolished Killed Liquor Baron Ponty Chadha's Son Gets Bail In Fraud Case Killed Liquor Baron Ponty Chadha's Son Arrested At Delhi Airport Parents Gave Names Of Interns, Doctors To CBI In Kolkata Horror: Sources Who Is Jasveen Sangha, "Ketamine Queen" Charged With Matthew Perry's Death How Extreme Weather Is Leading To Rise In Child Marriages In Pakistan 'INDIA' Is with You Against "Injustice": Rahul Gandhi To Arvind Kejriwal "Strong Indications" Bangladesh Security Forces Used "Unnecessary" Force: UN Delhi Experienced 15 Consecutive Days Of Rainfall, Says Weather Department Track Latest News Live on NDTV.com and get news updates from India and around the world.