By Our Correspondent
BHUBANESWAR: Amid seizer of cash of Rs 30 crore during Income Tax Raids on Jagadish Naik led Real Estate Developer, DN Group , the Enforcement Directorate will probe illegal final transaction of real estate Group, sources said on Thursday.
The Income Tax Department officials on Wednesday conducted simultaneous raids at 23 places associated with Bhubaneswar-based Real estate and construction company DN Group on the allegations of tax evasion.
The IT department officials reportedly seized Rs 30 crore in cash from the house of a staffer of the company located at Unit-4 in Bhubaneswar.
As per the latest report, the raiding team recovered Rs 30 crore cash from the house of Chandrasekhar Panda, a close aide of director Jagadish Nayak, at Unit IV area in the State Capital. Huge amount of cash were found kept inside three steel boxes and one suitcase, officials informed. Some documents including bank accounts are being examined, they added.
