- Rs 38 cr surrendered by Sharad Dosi, Rs 13 cr by Hans Kumar Jain, Rs 8 cr by Sanjay Shukla and Rs 1.5 crore by Madanlal and Chhaganlal.
Indore: The Investigation Wing of Income Tax department, which carried out its biggest search- survey operation here, completed assessment of tax dodging by noted builder Sharad Dosi, businessman Hanskumar Jain, jewellery firm Madanlal and Chhaganlal and Congress leader Sanjay Shukla, on Tuesday.
The department said that they ( tax dozers) surrendered over Rs 60 crore. The wing also detected unaccounted cash of more than Rs 1 crore and jewellery worth Rs 5 crore from the accused. The action also exposed the ugly nexus of builder- financer- politician in illegal land dealings in the city. Sources said that builder Dosi on Tuesday surrendered Rs 38 crore, Hanskumar Jain Rs 13 crore and Congress leader Sanjay Shukla Rs 8 crore while jewelry firm Madanlal Chhaganlal surrendered Rs 1.5 crore. The total surrendered value is Rs 60 crore when the tax evasion was assessed over Rs 120 crore. The sleuths also recovered unaccounted cash of over Rs 1 crore and jewellery worth Rs 5 crore from Dosi and Jain. The sleuths also opened 22 lockers of the duo. Sources further said that Dosi and Jain
had developed a nexus of investors, in which Shukla was also a ‘ partner’. This nexus was doing deals with disputed lands only. Dosi and Jain used to provide finance to the members of this nexus and Madanlal and Chhaganlal was also the part of it.
According to sources the Jewellary showroom purchased by Madanlal and Chhaganlal at Shivom Complex, opposite to Treasure Island, was also purchased from unaccounted money taken from the nexus. That is why the wing had carried out the survey against the jewellery firm.
A team of 150 officers of Investigation Wing carried out the search and survey action under the guidance of DG of Investigation Wing AK Tewari and direct supervision of Director of Investigation, Ghuneria.
Daughter in- law involved in nexus The deceased son of Hansraj Jain, Ashish, was also part of the nexus. But after his death, his wife Snigdha too involved in the nexus. It is surprising that a woman became a part of the unholy nexus.
Shukla fall in I- T net without search action A top brass of the Wing said that the team neither conducted search nor survey at the residence and office of Congress leader Sanjay Shukla. But, when the team learnt about the nexus of the investors and the evidence of his involvement in the land deal of Malwa Vanaspati and association of Dosi and Jain too in this matter, then the officers of the Wing summoned Shukla to the I- T office and thoroughly enquired about it. Thereafter, he agreed to surrender over Rs 8 crore.