In the recent raids against BSP chief Mayawati’s former aide Netram, the IT department has found 20 immovable properties worth Rs 225 crores, luxury cars valued at Rs 1 crore, cash od Rs 2.03 crores and jewelry worth Rs 17.79 lakhs in possession of the BSP chief’s former secretary.
The searches were carried out on 12 March.
I-T Department: 20 immovable properties valued at Rs.225 Cr&3 luxury cars valued at about Rs 1 Cr found at the residence of the officer have been provisionally attached of u/s 132(9B) of the Income-tax Act. 17 lockers restrained during searches are yet to be searched. https://t.co/GJm13SWOhK
— ANI (@ANI) March 20, 2019
A retired 1979 batch IAS officer, Netram had held many important positions in the UP government when Mayawati was its chief minister from 2007 to 2012. He was Principal Secretary (Home) from 2007 to 2012 and later became Mayawati’ Principal Secretary. After retirement, he worked as an advisor to Mayawati and was also considering fighting the polls on a BSP ticket. The IT authorities have claimed that the raids were carried out for alleged tax evasion running into several crores of rupees.
IT Department: Searches were carried out on 12th March at 11 premises in Delhi, Lucknow, Kolkata & Bareilly of Netram, reportedly a close aide of BSP chief Mayawati. Cash of Rs 2.03 crore & jewellery worth Rs 17.79 lakh seized, incriminating documents recovered.
— ANI (@ANI) March 20, 2019
According to the sources, the raids have so far elicited Rs 18 lakh from a Lucknow house, Rs 86 lakhs Rs 86 lakh from the GK-1 house, and Rs 60 lakh from a linked person. Rs 50 lakhs are said to be in a locker which is yet to be searched. The officials have also seized property papers pointing to further properties worth Rs 225 crore. Mont Blanc pens worth Rs 50 lakhs were also confiscated. The IT department also came across 30 shell companies floated with the relatives of the assessee or his in-laws being depicted as shareholders and directors.
The IT department has attached these seizures to u/s 132(9B) of the Income Tax Act. 17 lockers which are seized are yet to be searched. Incriminating evidence was found from the raids at 11 locations in Delhi, Lucknow, and Kolkata of the BSP chief’s former aide Netram.
