IT Raid Unveils Late-Night Operation Targeting Multiple Bangalore Jewelry Stores, Seizing Significant Documents

In a significant move, the Income Tax Department’s team initiated a major operation in Bengaluru, targeting multiple jewelry stores in the Jayanagar area. The operation, reportedly linked to a tax evasion case, involved the thorough search and seizure of documents. Subsequently, the tax officials issued notices to the proprietors of the raided jewelry establishments.

This action follows a prior operation where the Income Tax team focused on the properties of Dheeraj Sahu, a Congress Rajya Sabha MP and prominent businessman. The scrutiny led to the astonishing revelation of over 370 crores in cash. The meticulous counting of this substantial sum extended over several days, creating a political stir as the BJP directed criticism towards the Congress party.

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Notably, the raid on Dheeraj Sahu’s premises marked a milestone, representing the largest cash seizure in any agency’s operation thus far. The operation commenced on December 6 and involved the discovery of approximately 200 bags filled with cash at Sahu’s locations. Additionally, cash holdings were found in 10 safes, amplifying the scale and significance of the Income Tax Department’s recent endeavors.