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IT Raids on Ex-MLA Relative, Rs 390 crore cash caught!
By: Tupaki Desk | 20 Aug 2014 7:56 AM GMTIncome Tax Department had conducted has raided Ameya Builders, Swastik Group and its partner Rajiv Patel. Raids were conducted at 50 places and Rs 5.5 crore cash & jewellery were seized.
IT Officials say, Its a case of land dealings and money laundering. Not paying taxes, About Rs 390 crore has been amassed by these people. Using a trust run by them, They have procured land for educational purposes and later changed the user status to amass huge wealth.
Rajiv Patel is a first mayor of Vasai-Virar Municipal Corporation and a close relative of former MLA Hitendra Thakur.
IT sleuths opine this case is an eye-opener for them as raids haven't be conducted at this area since the past decade.