PANAJI: Income tax department on Tuesday seized crores of rupees in cash after conducting raids on offices and residences of some prominent builders in Panaji.
Sources in I-T department said searches which started in the morning continued till late night. Sources also said the raids were conducted more than 15 places in North Goa.”I-T department has raided four builders from Panaji including a big name. Raids were conducted at six places in Panaji, five in Calangute, two each at Mapusa and Caranzalem among other places,” sources added.
More than 100 I-T officials were involved in raids, of which 60 had come from Karnataka and 40 policemen from Goa, including 4 police sub inspectors, were deputed.
Sources said around Rs 25 crore cash has been seized from the houses and offices of the builders.
The raid was conducted under the supervision of Belgaum additional commissioner of income tax Rajashekar M, sources said.
[Source]
