New Delhi, July 30
The Income Tax Department has attached Rs 254 crore worth of ‘benami’ equity of Madhya Pradesh CM Kamal Nath’s nephew Ratul Puri which he is stated to have allegedly received from a suspect in the VVIP chopper scam via shell companies, officials said on Tuesday.
Puri, chairman of Hindustan Powerprojects Pvt (HPP) Ltd, is already under scanner of the tax department and the ED on charges of tax evasion and money laundering.
Officials said a provisional order for attachment of the shares or non-cumulative compulsory convertible preference shares has been issued under Section 24 (3) of the Prohibition of Benami Property Transactions Act by the Delhi-based office of the department.
The funds were received as FDI in Optima Infrastructure Private Ltd, a group concern of Moser Baer, a firm promoted by Ratul Puri’s father Deepak Puri, they said. The I-T Department alleges that the investment of Rs 254 crore was generated through “over-invoicing of imports of solar panels by another group company, HEPCL, and was “facilitated through shell companies” of Dubai-based operator Rajiv Saxena, an accused in the VVIP chopper scam case. — PTI
from The Tribune https://ift.tt/2ynoWZN
via Today’s News Headlines
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