I-T seizes Rs 1.64-cr cash, pens worth Rs 50 lakh after raids on retired IAS officer

Category : India News
Updated On : March 13, 2019 09:57 PM
By Indian Times Daily

Cash worth over Rs 1.64 crore, Mont Blanc pens of Rs 50 lakh, four luxury SUVs and documents indicating benami assets of Rs 300 crore have been recovered during the I-T Department raids on premises linked to a retired IAS officer of Uttar Pradesh cadre. He served in top positions during Mayawati’s chief ministership.

          The taxman had swooped down on a dozen premises linked to 1979-batch Indian Administrative Service officer Net Ram after it had “credible inputs” that the former top bureaucrat and his associates have made “accommodation or bogus entries of about Rs 95 crore from Kolkata-based shell firms” in the past, including in the post-demonetisation period.

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