Three days after income tax department officials conducted raids on the houses and offices of Greater Kailash Hospital’s owner Dr Kusum Singh and her family members, the management of the facility said it had deposited cash of Rs 5.50 crore in its bank accounts.
The search began after the investigation wing of I-T department received a tip-off that the hospital management, comprising owner Dr Kusum Singh, her daughter Dr Radhika Bandi and son-in-law Dr Anil Bandi among others, had accepted old currency from patients after the Centre announced withdrawal of high denomination notes of Rs 1,000 and Rs 500 on November 8.
The teams have sealed and seized unaccounted jewellery worth Rs 51.71 lakh, cash of Rs 10 lakh, and documents to corroborate evidence of unaccounted wealth and tax evasion.
On Friday, the investigation wing began scrutiny of the seized documents recovered from hospital, offices and residence of owners, directors. The officials have allegedly found a mismatch between financial transactions projected in books, soft copies and diaries. They have also recorded statements of directors, accountants, clerks as part of the probe.
“The investigation teams suspect that hospital directors have more unaccounted wealth than what they surrendered,” a department official said on condition of anonymity.
It was the first major I-T search in Indore since November 8. On November 30, surveys were held at caterers, restaurants, sweetmeat shops, and eating joints.