42 locations have been raided by the Income Tax departmentin search-and-seizure operation. The target is a large network of people whoare running data entry jobs scam.
The network accumulated a huge amount of cash through fakebilling.
Several shell entities and firms were used for covering upunaccounted money and fake bills and unsecured loans were issued to convert blackmoney to legal money.
In addition, jewelry worth over Rs 5 crore has also beenseized.
Premises in Delhi-NCR, Haryana, Punjab, Uttarakhand and Goaare being raided.
The officials say, “The search has led to seizure ofevidence exposing the entire network of the entry operators, intermediaries,cash handlers, the beneficiaries and the firms and companies involved. So far,documents evidencing accommodation entries of more than Rs 500 crore havealready been found and seized.”
The trail of the money has been validated in its entirety bythe department. Statements of entry operators, their dummy partners, employees,cash handlers as well as the covered beneficiaries have been recorded.
The officials added, “The people who were searched were alsofound to be the controller and beneficial owners of several bank accounts andlockers, opened in names of their family members and trusted employees andshell entities, which they were managing in collusion with the bank officials,through the digital media. The same are being further investigated.”
In addition, real estate in prime cities, and bank fixeddeposits have also been used by the network, both to the tune of hundred croreof rupees.