Agra: The Income Tax Department on Saturday simultaneously raided more than a dozen locations of three big shoe businessmen. Among these, cash worth more than Rs 60 crore was found at the residence of Ramnath Dang, proprietor of Harmilap Traders located in Jaipur House. These notes were filled in beds, boxes and shelves. Due to overheating of some machines, notes were being counted even after 12 o’clock in the night by ordering new machines.
The raid is likely to uncover undisclosed income of more than Rs 100 crore. Information about large scale investment in land and purchase of gold has also been received from all three businessmen. Documents of big investment in land near Fatehabad Inner Ring Road have been found.
Different teams of Income Tax Department raided
Different teams of the Income Tax Department started action simultaneously at 11 am on Saturday morning at about a dozen places including Harmilap Traders located in Asafoetida Mandi, BK Shoes located near Subhash Park, Manshu Footwear establishment and house of his own family located at Dhakran Square. of. Harmilap Traders has shoe material trading, BK Shoes and Manshu Footwear Company also has a factory along with shoe trading. The team recovered the maximum cash during the operation at the Jaipur House residence of Ramnath Dang of Harmilap Traders.
Shortly after the action began, even the Income Tax Department officials were shocked when piles of notes started accumulating. Such huge cash has not been found here in the last few years. Machines were ordered from banks to count the notes. According to official sources involved in the raid, cash worth Rs 60 crore had been counted till midnight, but a lot of notes still remained uncounted. There were piles of Rs 500-500 notes lying on the bed.
Secrets are hidden in laptop, mobile
The Income Tax Department has seized laptops, computers and mobile phones from the establishments of shoe traders. Data is being taken from them. Many shocking information has come to light in the investigation of stock register along with receipts and bills. The biggest slip is regarding business, which was carried on in place of notes. In the shoe business of Agra, there is a big transaction of traders’ slips, whose payment periods are different. Big businessmen make prompt payment on these slips but deduct some commission. Later, payment is taken from the merchant after completion of the specified period of the slip. The operator of an establishment did not open the lock of his iPhone. Big secrets of transactions may be hidden in it.
are related to each other
Subhash Midda, proprietor of BK Shoes, Ashok Midda and Hardeep Midda, owner of Manshu Footwear, are real brothers. Earlier everyone used to work together, but later Hardeep separated. Both have become big names in a short time. BK Shoes is the biggest name in the domestic shoe market of Agra.
30 officers involved in the investigation
Teams from Agra, Lucknow, Kanpur and Noida are involved in the investigation of Income Tax Department. Apart from more than 30 senior officials, tax inspectors are engaged in the investigation.
