IT raids at Bhopal road contractor's properties continue for second day

DN Bureau

The Income Tax (IT) department on Wednesday continued raids for the second day at four locations, including house and office, of a road contractor Nilay Jain, in Bhopal's Arera Colony.

IT raids at Bhopal road contractor's properties
IT raids at Bhopal road contractor's properties


Bhopal: The Income Tax (IT) department on Wednesday continued raids for the second day at four locations, including house and office, of a road contractor Nilay Jain, in Bhopal's Arera Colony.

Also Read | Bhopal: Rs 1.70 cr cash, jewellery worth 70 lakh seized in IT raid on road contractor

According to IT sources, the sleuths seized Rs 1 crore in cash from his house, Rs 70 Lakh from bank locker and jewellery worth Rs 70 lakh (approximately) after raiding the properties of the road contractor on Tuesday in Bhopal.

The IT sleuths made the recovery after raiding four locations of Jain.

Also Read | Chidambaram accuses govt of using IT raids to 'cripple election campaign'

According to reports, the contractor had been associated with several important road projects of the Madhya Pradesh government in the past. (ANI)










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