You must have heard many stories of raids, but the raid we are going to tell you about today is being said to be the biggest income tax raid in the country. Cash worth more than ₹135 crore was claimed to have been seized during the raid. We are talking about the raid on Sahara Group in 2014. The Income Tax Department had raided the premises of Sahara India in November 2014. These raids were conducted at two locations in Delhi and Noida. Cash and jewelery worth more than ₹135 crore were seized during the raids. This was one of the biggest seizures made by the Income Tax Department, and jewelery worth ₹1 crore was also recovered. The Income Tax officials were stunned to see such a huge amount.
Story of raid on Sahara Group
Following the seizure of this money, Sahara Group issued a statement defending itself. He said that the amount mentioned was not correct. But whatever the figures, every penny of the company is legitimate.
Jewelery worth crores was also recovered
It is noteworthy that Birla and Sahara Group were raided by the Income Tax Department in 2013 and 2014. Important documents were recovered during the raids. After this, senior Supreme Court lawyer Prashant Bhushan had demanded investigation of these files. On October 25, 2016, Prashant Bhushan had sent his complaint to all investigating agencies and the special investigation team of two former judges probing black money. Subrata Roy was arrested after a long legal battle. However, he was later released on bail. The Supreme Court had ordered Sahara Group to return the money to its investors.
You must have heard many stories of raids, but the raid we are going to tell you about today is being said to be the biggest income tax raid in the country. Cash worth more than ₹135 crore was claimed to have been seized during the raid. We are talking about the raid on Sahara Group in 2014. The Income Tax Department had raided the premises of Sahara India in November 2014. These raids were conducted at two locations in Delhi and Noida. Cash and jewelery worth more than ₹135 crore were seized during the raids. This was one of the biggest seizures made by the Income Tax Department, and jewelery worth ₹1 crore was also recovered. The Income Tax officials were stunned to see such a huge amount.
Story of raid on Sahara Group
Following the seizure of this money, Sahara Group issued a statement defending itself. He said that the amount mentioned was not correct. But whatever the figures, every penny of the company is legitimate.
Jewelery worth crores was also recovered.
It is noteworthy that Birla and Sahara Group were raided by the Income Tax Department in 2013 and 2014. Important documents were recovered during the raids. After this, senior Supreme Court lawyer Prashant Bhushan had demanded investigation of these files. On October 25, 2016, Prashant Bhushan had sent his complaint to all investigating agencies and the special investigation team of two former judges probing black money. Subrata Roy was arrested after a long legal battle. However, he was later released on bail. The Supreme Court had ordered Sahara Group to return the money to its investors.
