On Wednesday, the Income Tax (IT) authorities raided properties connected to many alcohol manufacturing companies in the state and took over Rs 200 crore.
According to departmental sources, investigations into suspected tax evasion were conducted at more than six companies, including M/S Shiw Ganga and Company and Boudh Distillery Pvt Ltd. The department conducted raids on Shiw Ganga-related property after learning that the company was selling country liquor through its outlets throughout the state without keeping track of bills or vouchers, and that a significant portion of the cash sales were not being recorded in the company's regular books of account.
According to sources, the IT department officials are also looking into the company's irregular and low net profits from the 2019–2021 fiscal year, as well as inflated costs associated with buying mahua and other items and dubious other payables listed on the balance sheet. According to sources, the officials also conducted raids at many locations connected to Boudh Distillery in connection with suspected tax evasion.
157 suitcases purportedly holding black money from Sahu were seized by the Income Tax Department and placed in a bank that later failed. There weren't enough suitcases, so these bags—filled with cash—were carried in. The bags and suitcases were then put onto a truck and driven to the State Bank of India.
Referring to a report on the purported Rs 200 Crore in cash seized by Income Tax and connected to Congressman Dhiraj Sahu, Narendra Modi made a comment about it on his X handle (previously Twitter).
"The people of our country should view the stack of these notes before paying attention to the sincere speeches of their leaders. Modi promises that all money taken from the people must be reimbursed.
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