“Evidence of cash payment of more than Rs 150 crore to a prominent person in Andhra Pradesh has been unearthed.”
Who could that prominent person be? That is the question doing the rounds ever since the Central Board of Direct Taxes (CBDT) put out a press release giving details of the Income Tax department busting a hawala racket worth Rs 3300 crore in raids in the first week of November across multiple cities including Delhi, Mumbai and Hyderabad. The racket had links to “leading corporate houses”.
“Unexplained cash of Rs 4.19 crore and jewellery (worth) in excess of Rs 3.2 crore was also seized during the search operation,” the note said.
According to the department, the companies involved in siphoning of funds are mostly located in the national capital region and Mumbai and the projects involved in bogus billing are major infrastructure and EWS (economically weaker section) projects located in south India.
The grapevine in Andhra Pradesh is pointing to a prominent politician.
Categories: Andhra Pradesh