India

IT Raid: Raids continue For 30 Hours In Nashik, 26 Crore Cash; Unaccounted Property Worth 90 Crores Seized

Income Tax Department has conducted raids in Nashik as it is investigating the records of both Surana Jewelers and Mahalaxmi Builders to uncover any discrepancy or hidden transactions.

The Income Tax Department raided the shops of bullion traders and offices of developers in Nashik, Maharashtra. In the raid that lasted for 30 hours, the team seized cash worth Rs 26 crore and documents of unaccounted wealth worth Rs 90 crore.

According to the information received, the team from Nashik, Nagpur, Jalgaon took this action. 50 to 55 officers raided the premises of Surana Jewelers as well as the office of his real estate business. An independent team also inspected his luxurious bungalow.

His office, personal locker and bank lockers at various places in the city were also searched. The houses of his family members in Manmad and Nandgaon were probed too. There has been a stir among the businessmen after crores of rupees in cash and unaccounted wealth was found from this Nashik bullion trader.

According to media reports, it took 14 hours to count the cash found in the during investigation. It is being told that this raid is part of a wider probe into undeclared income and potentially suspicious financial activities.

Also Read: 6 New Born Die At Hospital In Vivek Vihar Due To Massive Fire Break Out

Bharat Express English

Recent Posts

Hina Khan Hails 11 Years Of PM Modi’s Leadership; Highlights National Progress

As the nation marks 11 years under PM Modi's leadership, actress Hina Khan shares her…

8 hours ago

Subhash Ghai Hails PM Modi’s Transformative Vision For India

Subhash Ghai has praised PM Narendra Modi’s leadership for catalysing India’s growth and changing the…

9 hours ago

India & Central Asia Boost Rare Earth Cooperation At Delhi Meet

India and five Central Asian nations have agreed to deepen cooperation on rare earths and…

10 hours ago

PM Modi’s Beej Se Bazaar Tak Vision Reshapes Indian Agriculture

Prime Minister Modi has redefined Indian agriculture with the ‘Beej Se Bazaar Tak’ vision, transforming…

10 hours ago

EV Sales Cross 4% Mark In May; Signalling Steady Shift To Green Mobility

EV sales topped 4% of passenger vehicle retail in May 2025, signalling growing demand for…

10 hours ago

Self-Reliant Defence Industry Marks India’s Strategic Security Ascent

One year into Modi 3.0, reforms have reduced poverty, strengthened defence, and accelerated the digital…

11 hours ago