Income Tax Department conducted a Search & Seizure operation on a group, engaged in the business of manufacture and sale of country liquor, grain-based alcohol, bottling of foreign liquor, running hospitals and educational institutions, etc. on 06.12.2023. This operation covered more than 30 premises spread across 10 districts in the States of Odisha, Jharkhand and West Bengal. The business of the group is controlled by a family based in Ranchi, Jharkhand. One of the family members of the group is also a Politically Exposed Person residing at Ranchi.
During the search operation, a large number of incriminating evidence in the form of documents and digital data has been found & seized. Preliminary analysis of seized evidence reveals records of unaccounted sales of country liquor, systematic details of undisclosed cash receipts and references for movement of unaccounted cash. The main employees looking after the business activities of the group, have admitted that the cash found and seized during the search operation, represents the unaccounted income of the group, generated through its multiple business concerns.
