Rohit Tandon, a Delhi lawyer was caught by the Income Tax authorities for a third time with a hoard of unaccounted cash, stashed in bundles of banned Rs 500 and Rs 1,000 notes as well as new Rs 2000 notes...
Rohit Tandon, a Delhi lawyer was caught by the Income Tax authorities for a third time with a hoard of unaccounted cash, stashed in bundles of banned Rs 500 and Rs 1,000 notes as well as new Rs 2000 notes with him, totalling at least Rs 13.48 crore. According to a TOI report, a joint team of the I-T department and Delhi police’s crime branch found cabinets and secret chests at Tandon’s office in GK-1 area filled with notes on Sunday. Several cartons containing cash were also found. The police said Tandon had gone underground. Search is on for him.
This is not the first raid by the I-T department. The first raid was conducted on on October 7 and the I-T department made a stunning haul of Rs 125 crore. The second being two weeks ago and yielding Rs 19 crore in unaccounted income. I-T officials are surprised at how Tandon managed to collect Rs 2.61 crore in the new currency. The first raid came within a week of the Income Disclosure Scheme coming to an end. After the first two searches, Tandon had declared Rs 144 crore in unaccounted income. With Sunday’s seizure, the total unaccounted income recovered from the lawyer has touched Rs 157 crore.
He came in the I-T department’s radar after he purchased a property in Jor Bagh for a consideration believed to be more than Rs 100 crore. Tandon’s connections and his financial transactions were still being trailed when I-T officials made another search of his bank lockers and discovered new accounts. The second search led to seizure of Rs 19 crore from banks. The third I-T raids and police searches began on Saturday night and continued through Sunday.