The Income Tax department has seized unaccounted asests, including cash and jewellery, worth Rs 5.16 crore during year-long searches conducted on hotels, private nursing homes and business establishments in various parts of Kerala.
The department's investigation wing conducted the serarches on 12 tax payers, within an year ending Nov 15, a press release said on Tuesday.
Bar hotels, vegetable and fruit merchants, private nursing homes, quarry, rice mill, plywood and Glass business houses were raided. About Rs 240 lakh in cash, jewellery worth Rs 1.14 crore and fixed deposit certificates, Kisan Vikas patras worth Rs 1.62 crore were seized.
Gold ornaments weighing 7.2 kgs were seized from a person carrying it without any documents or explanation on source of acquisition. The person had been originally apprehended by the police. Unaccounted jewellery worth Rs 20.72 lakh and FDs of Rs 30 lakh were seized from some doctors running a private nursing home.
From an astrologer in central kerala, unaccounted cash of Rs 14 lakh and FDs and Kisan Vikas Patras for Rs 27 lakh were seized. He had also constructed a huge Kalayanamandapam (wedding hall), the release said. FDs for Rs 1.05 crore were seized from a builder who was found to have purchased lands for Rs 2.74 crore.
Unaccounted advances running to more than Rs 2 crore to about 300 vehicles by an auto financier have been found. About Rs 91 lakh in cash and standard gold worth Rs 20 lakh were seized from a quarry and rice mill owner who is a leading supplier of granite boulders, metals, metal dust etc to the major builders in the city, the release said.
The release said Rs 55 lakh was seized from a commission agent and wholesale dealer of fruits. Investigation in all these cases are continuing.
Based on the information given by the Investigation Wing to its counterpart in Mumbai that 17 kg of gold ornaments were being taken to that city from Kochi by air, a few persons were intercepted there, the release said.