Income Tax raid on Ajit Pawar’s relatives: Transactions worth Rs 1,050 cr detected; Rs 4.6 cr cash, jewellery valued at Rs 3.4 cr seized

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Updated: October 07, 2021 8:18 PM

The premises linked to business groups such as DB Realty, Shivalik, Jarandeshwar Sahkari Sugar Karkhana (Jarandeshwar SSK) and businesses linked to Pawar's sisters are being covered under the ongoing operation, the sources said.

income tax raidsThe threshold limit of Rs 3,500 applies to each POSB account of a taxpayer.

The Income Tax Department today carried out raids at some businesses linked to family members of Maharashtra deputy chief minister Ajit Pawar and some real estate developers on charges of alleged tax evasion, official sources said. They said the searches are being conducted in Mumbai, Pune, Satara and a few other cities of in Maharashtra and Goa.

“I-T Department carried out a search operation that commenced on September 23 on a big syndicate involving certain businessmen/middlemen of Maharashtra & some persons holding public offices. The intelligence was developed over 6 months….In all, 25 residential and 15 office premises were covered under the search, while 4 offices were covered under survey. Some suites in Oberoi Hotel in Mumbai, permanently rented by two of the middlemen and used for meeting their clients, were also subjected to search,” said CBDT today.

The premises linked to business groups such as DB Realty, Shivalik, Jarandeshwar Sahkari Sugar Karkhana (Jarandeshwar SSK) and businesses linked to Pawar’s sisters are being covered under the ongoing operation, the sources said. Some documents have been recovered and are being studied, they said.

The tax department said that the total transactions detected during this search are to the tune of Rs 1,050 crores. “The liaisoners also used ‘angadiyas’ for transfer of cash and Rs 150 lakh was seized from one of the angadiyas during the search,” said the CBDT.

It also said that cash of more than Rs 4.6 crores and jewellery valued at Rs 3.42 crores were also seized while four lockers found during the search operation have been put under restraint orders.

Jarandeshwar SSK was in the news recently after the Enforcement Directorate (ED), in July, attached over Rs 65 crore worth of land, building, plant and machinery of its sugar mill at Chimangaon-Koregaon in Satara under the anti-money laundering law.

The ED had claimed that the cooperative-run sugar mill was linked to Pawar and his family.

“The assets (of Jarandeshwar SSK) are currently held in the name of Guru Commodity Services Pvt Ltd (an alleged dummy company) and leased to Jarandeshwar Sugar Mills Pvt Ltd,” the ED had alleged in a statement.

“Sparkling Soil Pvt Ltd is holding majority shares of Jarandeshwar Sugar Mills and investigations revealed that the former firm is related company to Ajit Pawar, deputy chief minister of Maharashtra, and Sunetra Ajit Pawar (his wife),” it had alleged. Pawar had then denied any wrongdoing.

The ED action was part of its probe into the Maharashtra State Cooperative Bank (MSCB) scam case where it is alleged that SSKs were fraudulently sold by the then officials and directors of MSCB at throwaway prices to their own relatives and private people “without following” due procedure prescribed under the SARFAESI Act.

The ED said that MSCB conducted auction of Jarandeshwar SSK in 2010 at an “under-valued price” and without following due procedure. “Ajit Pawar was one of the prominent and influential members of board of directors of MSCB at the relevant time.”

“The SSK was purchased by Guru Commodity Services Pvt Ltd and was immediately leased to Jarandeshwar Sugar Mills Pvt Ltd, which is presently operating the Jarandeshwar SSK,” the ED claimed.

The “major part” of the funds utilised towards purchase of the said SSK was received from Jarandeshwar Sugar Mills Pvt Ltd which received the same from Sparkling Soil Pvt Ltd, a company related to Ajit Pawar and his wife, the agency alleged thus linking the NCP politician to the case. The ED claimed that the attached sugar mill was “actually controlled and run” by Jarandeshwar Sugar Mills Pvt Ltd.

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