IT dept probing transaction of Rs 1500 crore in Bengal; Trinamool leaders, babus under scanner | kolkata | Hindustan Times
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IT dept probing transaction of Rs 1500 crore in Bengal; Trinamool leaders, babus under scanner

A series of transactions that took place between January 2016 and March 2017 and involved purchase of real estate and gold and expenses on foreign trips are being probed by the Income Tax department.

kolkata Updated: Sep 08, 2017 21:24 IST
Sumanta Ray Chaudhuri
The income tax department is probing 100 illegal transactions involving Rs 1500 crore.
The income tax department is probing 100 illegal transactions involving Rs 1500 crore.(Representative Image)

The intelligence and criminal investigation wing of the Income Tax department in Bengal is probing 100 high-value transactions involving a cumulative value of about Rs 1,500 crore. These were carried out without quoting permanent account number (PAN). Most of the transactions were recorded between January 2016 and March 2017.

Read: Mamata, Kejriwal hurt by Modi’s attack on black money, says BJP

Sources in the Income Tax department’s Bengal circle- which covers West Bengal and Sikkim - said the largest amount involved in a single deal is Rs 75 crore. IT officials refused to divulge names but said relative of a senior Trinamool Congress leader and head of a prominent civic body in the state are linked to it.

“This transaction involved purchase of a property in the northern outskirts of Kolkata,” said an IT official. As much as 85 per cent of this transaction was carried out in cash without quoting PAN.

“Besides real estate deals, purchase of gold and expensive jewellery, investments in mutual fund and shares and expenses on foreign trips are also being investigated,” said an official.

Read: Mamata’s Trinamool faces heat, CBI files FIR against 12 leaders featuring in Narada sting

Apart from a few political leaders and their associates, serving and retired bureaucrats, police officers and film personalities are also under scanner.

“We are also tracking some city-based chartered accountants and independent tax consultants who are suspected to have played a role in fixing these deals,” said an officer.

Sources said the money involved in some transactions were disproportionate to the income the politicians had declared in their tax returns and affidavits filed before the Election Commission of India.

Read: CBI recovers Rs 3.5 crore, 5 kg gold from Income Tax commissioner’s residence

In a parallel yet unrelated development on Friday, Kolkata mayor Sovon Chatterjee was grilled for six hours by the Central Bureau of Investigation (CBI) in connection with the Narada sting video case.

Chatterjee is among the top Trinamool leaders who were caught on camera accepting money from Narada News CEO Mathew Samuel. He was questioned for seven hours on Thursday. CBI officers said the city mayor was cross examined because they found some of his statements self-contradictory.