Jamshedpur : The extensive search raids conducted by the Income Tax sleuths at BJP leader Amarpreet Singh Kale’s premises since Friday concluded with the seizure of over 100 bank accounts, one bank locker and 20 computer hard discs.
The raids, conducted at Kale and his relatives premises in about 25 places across Jamshedpur, Ranchi, Kolkata and Delhi, found documents confirming gross tax evasion and under valuation of the properties owned by them.
“The preliminary investigation led us to believe that the tax evasion was committed to the tune of Rs.100 Crores,” said a senior income tax official who was part of the investigation team.
Referring to the under valuation made by Kale and his relatives, the officer informed that a seven acre land bought by Kale in the posh Circuit House area for Rs.70 Lakhs is much less than the government value of Rs. 7 Crores.
“Current market value of the said land is near Rs. 50 Crore,” said the officer.
According to the IT sources, cost of the Sakchi based hotel and a warehouse in Dimna is also under valued by the BJP leader.
Officials also informed that documents pertaining to investment of near Rs. 30 crore in a Gurgaon based automobile equipment manufacturing company has also been found.
Keeping the detection in view, sources said a case of Disproportionate Asset is a possibility against the BJP leader and his relatives.
“His brother Daljit Singh Khanuja is a director in the Gurgaon based equipment manufacturing company,” said the officer.
He informed that documents pertaining to investment in Bangalore and Ludhiana have also been found but it is too early to conclude about the area and size of investment made in the two respective places.
Near 200 income tax officials from Ranchi, Patna, Jamshedpur, Kolkata and Delhi carried out the extensive raids. Kale is a close aide of former Chief Minister Arjun Munda.