New Delhi: In an enormous search operation in Delhi, the Earnings Tax (I-T) division has unearthed hawala and different lodging entries of greater than Rs 1,000 crore.
The tax division has additionally discovered hyperlinks to cash laundering involving the enterprise group engaged in e-governance initiatives and monetary providers.
“The search and seizure action has led to the unearthing of several incriminating evidence establishing large scale tax evasion, hawala transactions and money laundering by the said taxpayer group,” the tax division stated in an announcement.
The enterprise group has presence throughout a number of cities within the nation in India and likewise in Dubai.
“Preliminary enquiries reveal the quantum of accommodation entries and hawala transactions to be more than Rs 1,000 crore,” the tax division stated.