25 bank accounts, 17 lockers of Radhika, Shilpa, JP Jewelers and Vardhaman Builders seized, investigation continues, documents of suspicious financial transactions seized | 25 bank accounts, 17 lockers of Radhika, Shilpa, JP Jewelers and Vardhaman Builders seized, investigation continues, documents of suspicious financial transactions seized

The Rajkot IT Department has conducted a search operation on Radhika, Shilpa and JP Jewelers and Export and Vardhaman Builders Group of the city since Tuesday morning. Which has remained unchanged on the third day today. So far 25 bank accounts and 17 lockers are being seized and investigated. Also, Rs.4 crore cash and documents of some suspicious transactions have been seized by the Income Tax officials. This search operation is likely to go well. Along with this, some other builders are also known to be under the radar of the Income Tax Department.

A search operation has been conducted since Tuesday
The Income Tax Department conducted a search operation on Palace Road and Radhika Jewelers on Kalavad, Kotharia Naka and Shilpa Jewelers on Amin Marg, JP Jewelers on Palace Road and Vardhaman Builders Group, which is associated with Export and Jewelers Group, from early Tuesday morning. In which the Income Tax officials conducted a search at the offices and residences of all the owners.

4 crore cash was recovered
Currently, at the end of the preliminary investigation, so far a total of 25 bank accounts, 17 lockers, Rs. 4 crore cash and documents of some suspicious financial transactions have been seized by the Income Tax. Besides, the income tax officer is currently counting the stock of gold in the showroom.

Preliminary investigation report sent to Ahmedabad DGIT
Prohibitory orders have been imposed on the lockers by the Income Tax Department. No figure of tax evasion has come out. After the lockers are operated, the true figure of tax evasion will come out. However, the preliminary investigation report of the search operation has been sent to Ahmedabad DGIT.

Also checked at the Kolkata showroom of Shilpa Jewellers
But the inspection report of Shilpa Jewellers’ showroom in Kolkata has not yet been received by Rajkot Income Tax. After this report, the total figure of tax evasion along with the search procedure of Rajkot is likely to be announced.

There was a lot of activity in the builder lobby
It is to be mentioned that after the search operation conducted by the Income Tax Department on three jewelers groups, it is known that the Income Tax Department has asked for the details of how many high-rise and low-rise buildings have been constructed in which ward in Rajkot, how many plans have been passed, how many have been cancelled. . Due to which the movement has increased in the builder lobby and the debate is going on, are builders now in the target of income tax? However, on the other hand, it is known from income tax sources that the procedure is routine.