IT raids yield Rs 2 cr unaccounted cash

Thursday, April 10, 2008, 21:03 [IST]

Nagpur, Apr 10 (UNI) Unaccounted cash of around Rs two crore and jewellery and fixed deposit receipts worth over Rs one crore, were recovered today in searches conducted by Income tax sleuths at premises of nine prominent doctors in the city.

Commissioner of Income Tax for Vidarbha D V Dharmik said simultaneous raids were conducted on eight hospital premises, two hospital-cum-residential premises and seven residences. Over 150 officers and staff were involved in the operation, which is expected to continue for two more days.

The department has also sealed 12 bank lockers belonging to the doctors.

The raiding party recovered Rs 1.5 crore in cash from one doctor alone, he informed.

The documents, unearthed during the operation, showed that the doctors did not disclose their actual income to the IT authorities, he added.

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