03-11-2007, 09:57 PM
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->I-T raid on biz man, Rs 35,000 cr seized
http://www.expressindia.com/fullstory.php?newsid=82588
Press Trust of India
Posted online: Thursday, March 08, 2007 at 1517 hours IST
Updated: Thursday, March 08, 2007 at 1520 hours IST
New Delhi, March 8: The Income Tax department conducted raids on the residence of a Pune based businessman, <b>Hasan Ali and claim to have traced unaccounted wealth worth Rs 35,000 crore</b>, according to reports.
Ali is suspected to be involved in the Hawala circuit.
The tax men found details of his accounts on Aliâs computers at his Koregaon residence in Pune. Raids were also held across Mumbai, Hyderabad and Bangalore where he has properties.
The department is said to have informed the Central Board of Direct Taxes and the Finance Ministry. The Enforcement Directorate (ED) has been brought into the case<!--QuoteEnd--><!--QuoteEEnd-->
http://www.expressindia.com/fullstory.php?newsid=82588
Press Trust of India
Posted online: Thursday, March 08, 2007 at 1517 hours IST
Updated: Thursday, March 08, 2007 at 1520 hours IST
New Delhi, March 8: The Income Tax department conducted raids on the residence of a Pune based businessman, <b>Hasan Ali and claim to have traced unaccounted wealth worth Rs 35,000 crore</b>, according to reports.
Ali is suspected to be involved in the Hawala circuit.
The tax men found details of his accounts on Aliâs computers at his Koregaon residence in Pune. Raids were also held across Mumbai, Hyderabad and Bangalore where he has properties.
The department is said to have informed the Central Board of Direct Taxes and the Finance Ministry. The Enforcement Directorate (ED) has been brought into the case<!--QuoteEnd--><!--QuoteEEnd-->