Aaj Khabor (English), Kolkata, West Bengal, 01/01/2021 : The Income Tax Department has launched a crackdown on two Kolkata-based companies. A large quantity of jewelery including money was seized during the operation. The two companies that are being targeted are involved in the marble, stone and food grain business, including steel production and marketing.
The Income Tax Department's operation found evidence of the existence of several more bogus companies that raised non-existent share capital and were involved in inconsistent transactions in the stock market, including unsecured debt. These companies used to embezzle huge sums of money in the name of fake papers and companies. In this operation, the Income Tax Department has identified anonymous property worth Tk 16 crore. In addition, an additional access stock of Rs 36 crore has been confiscated.
The Income Tax Department also confiscated Rs 1 lakh in cash and Rs 1 crore 42 lakh in jewelery during the operation. The incident is under investigation.
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