By Our Correspondent
BHUBANESWAR: Jagadish Prasad Naik, who is now under IT and ED scanner for his illegal business, was part of a business delegation that visited Japan led by Chief Minister Naveen Patnaik, months back.
Naik’s Japan trip photos has now gone viral. “Hon’ble CM of Odisha, Naveen Patnaik is leading a delegation to Japan to attract investment and promote culture and tourism. I am extremely honoured and privileged to be part of the Hon’ble Chief Minister’s Business delegation,’ a tweet of Naik dated April 4, 2023, reads having photos with Chief Secretary PK Jena and Bhupendra Singh Poonia, Managing Director, IPICOL and IDCO.
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.
