NEW DELHI, 12 Dec: The Income Tax department in its third raid seized Rs 13.48 crore with a hoard of unaccounted cash, contained in bundles of scrapped Rs 500 and Rs 1,000 notes as well as in wads of Rs 2,000 from a lawyer’s office.
A joint team of the I-T department and Delhi police’s crime branch found cabinets and secret chests at Rohit Tandon’s office in the upscale GK-1 area filled with notes on Sunday.
Several cartons filled with cash were also recovered. According to the police, Tandon is absconding and search is on to nab him.
Delhi Police had kept Tandon under surveillance for around two months, after the I-T department seized Rs 125 crore in its first raid on the lawyer on October 7.
It was the third raid on Sunday’s raid after the second, two weeks ago and in which I-T department yielded Rs 19 crore in unaccounted income.
The involvement of police in what would have normally been treated as a tax matter is part of a new trend where the I-T department has brought in the CBI and the ED to crack cases which, while being essentially about tax evasion, seems to also involve criminality.
I-T officials are shocked at how Tandon managed to collect Rs 2.61crore in newly minted Rs 2,000 notes.