Nagpur: In a significant operation, Income Tax (IT) officials raided seven premises linked to two finance brokers in Nagpur on Tuesday. The raids were carried out at their residences and offices in Civil Lines and Wardhaman Nagar, involving a team of around 35 IT staff members, including senior officers, a report in a local daily said.
The report further said that the raids, which began at 9 a.m., were an unusual departure from the department’s customary early-morning timings of 6-7 a.m. Senior officials from Mumbai and Pune also joined the operation, indicating its high priority.
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During the search, IT officers reportedly recovered substantial amounts of cash, jewellery, and other valuables. Bank lockers associated with the two brokers were also opened and inspected as part of the investigation, the report added.
According to the report, the raids are linked to a recent seizure of unaccounted cash in Mumbai. The two brokers, identified as Bunty Agrawal and Sanjay Kanoria, are suspected of having connections to the seized cash.
The raids are expected to continue into Wednesday, November 20, as officers delve deeper into the brokers’ financial dealings. The report suggests that the operation aims to uncover undisclosed assets and irregularities in financial transactions linked to the Mumbai cash seizure case.
This high-profile operation highlights the Income Tax Department’s intensified efforts to crack down on tax evasion and financial malpractice across the region. Further details are awaited as the investigation progresses.
