Bhopal: The Income Tax department on Thursday recovered Rs 8 crore and 3 kilograms of gold with addition of incriminating documents on the premises of Shankar Rai and his brothers in Madhya Pradesh’s Damoh district, an official said on Friday.
The raids had begun on early morning Thursday, were still continuing said Income Tax (investigations) Jabalpur circle joint commisioner Munmun Sharma. During the searches so far 8 crores have been recovered. Of this 1 crore was found hidden in a water container, an official said.
Along with the money 3 kilogram gold has been recovered, she said. The official said I-T sleuths have found incriminating documents that was related to the wealth amassed by the Rai brothers. The papers found in Rais have bagged contracts of liqour shops and also were running luxury buses in the names of their staffers, she added.
Sharma said the I-T department has announced a cash reward of Rs 10,000 for anyone who provides information to them about the wealth of Shankar Rai and his brother. Nearly 200 personnel including I-T department staffs and policemen from Indore, Bhopal, Jabalpur, and Gwalior were carrying out searched in various premises of the businessman and his brothers.
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