1. I-T dept launches probe into funding of Arvind Kejriwal’s Aam Aadmi Party & Congress

I-T dept launches probe into funding of Arvind Kejriwal’s Aam Aadmi Party & Congress

Seeks data about contributors; AAP demands probe on all parties

By: | New Delhi | Published: February 12, 2015 1:28 AM

The Modi government has launched an investigation into the political funding of the Aam Aadmi Party (AAP) and the Congress suspecting the source of some of the contributions may be tax-evaded funds. The income tax investigation against the two political parties and 48 others was launched on February 9, the day before Delhi Assembly poll results gave a sweeping victory to AAP led by Arvind Kejriwal.

An official statement from the department said the probe was into issuance of cheques by companies that were into money laundering.

The statement, which did not name the political parties, said the department has sought information about the identity of the contributors and other relevant details necessary to complete the probe.

The investigation follows the disclosures made by AVAM, a breakaway group of the AAP, which claimed that shell companies with no networth had contributed four cheques of R50 lakh each to AAP on the midnight of April 15 last year. AAP, which is set to form the government in the capital on Saturday, has since then maintained that all enforcement agencies were free to probe the donations.

Speaking to news agencies, AAP spokesperson Atishi Marlena confirmed the receipt of the tax notices. While welcoming the probe, AAP also demanded a probe political funding of all political parties and not just AAP.

Finance minister Arun Jaitley had earlier said that enforcement agencies would look into the source of the alleged funds as and when the matter would reach them.

“The (funding) companies and their directors could not be traced at the addresses given to banks and the ministry of corporate affairs.

Examination of the accounts of these companies revealed that they have issued accommodation entries to several persons and entities for substantial amounts. It was also found that sources for such entries were prima facie not genuine,” said the statement.

The income tax department said that during a recent investigation in Kolkata, it had detected substantial unaccounted income.

According to sources, the operation conducted in Kolkata led to “admission” of R60 crore tax revenue, out of which a few cases were associated with donations made for political purposes and to political parties.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

  1. I
    Feb 12, 2015 at 2:40 am
    AAP must come clean on this else it will reduce clean & honest politics to gimmickry
    1. M
      Feb 12, 2015 at 2:34 am
      AAP has maintained its a clean party while all other may indulge in the same But as an AAP supporter, I dont care about other parties as they are corrupt.. I hope AAP will come clean coz if it doesn't, I will be the most disgusted person and will feel betra Already a lot of suion is being raised and I can't deny my friends as its we who got the money, we who cleared it as clean, we did all the checks. A clarification should not have been a problem as 4 cheques of 50 lakhs were received so this should be very much in the know of party people but why are these companies s companies is what makes me doubtful of AAP .. I hope I am wrong
      1. R
        Feb 12, 2015 at 9:58 pm
        AAP has every right to trust the banks through which the checks came. IT department should go after the banks and the account holders. There is no case against AAP.
        1. R
          Feb 12, 2015 at 9:56 pm
          The IT department is becoming the joke as it is clearly not going after the banks which opened these accounts. They can easily find out by the photographs of the account holders and go after them. But no! they will stupidly go after the receiver of the money who has every right to believe in the bank to do its due diligence.
          1. R
            Feb 12, 2015 at 10:01 pm
            You are definitely not an AAP supporter. Everyone including you know that it is the bank which should do its due diligence when accounts are created. AAP is within its right to believe a bank and accept checks coming through it. So do not make any more impersonation of an AAP supporter with false propaa.
            1. Load More Comments

            Go to Top