Income-tax
(IT) officials have seized Rs. 11.62
crore from a soap factory in Guntur,
district of Andhra Pradesh.
Director General of Income-Tax (Investigation)
P.S. Swain informed that the department
had kept a close watch on the activities
outside the factory for two months.
When the raid was finally carried
out, it was found that there were
no entries in the log book about the
trucks that entered and left the factory.
It is found that the factory owner
had black money, he had spent part
of money (black money) for buying
300 acres of land in Tamil Nadu.
Mr. Swain also said the department
had detected Rs. 115 crore of unaccounted
money in 31 cases in the State so
far this year and had seized Rs. 30
crore.
Raids were conducted on builders,
contractors, educational institutions
and hospitals.
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