Income Tax Department conducted search operation on a group based in Delhi in connection with tax evasion and money laundering. The group is engaged in various e-governance projects and financial services. It has presence across several cities in India and also in Dubai.

The search and seizure action have led to unearthing of several incriminating evidence establishing large scale tax evasion, hawala transaction and money laundering by the said taxpayer group. The group has taken recourse to use of shell companies based in Delhi / Kolkata to route unaccounted money.

Earlier, the Department had conducted search action on entities related to Fertilizer procurement. Investigations had revealed that huge amount of commission was being collected in Dubai through shell companies of a Dubai based operator who is also an accused in a VVIP Chopper scam. A part of such commission was laundered back to India through the aforesaid Delhi based group.

Preliminary enquiries reveal the quantum of accommodation entries and hawala transactions to be more than ₹ 1000 crore.

Tax evasion and money laundering alleged through shell companies and hawala channels, uncovered by search and seizure operations. Search operations targeted a Delhi-based business group for alleged tax evasion and money laundering, uncovering evidence that funds were routed through shell companies in Delhi and Kolkata and disguised via accommodation entries and hawala channels. Investigators report cross-border commission flows collected in Dubai through offshore shell entities that were layered and laundered back into India through the Delhi group, with search and seizure actions yielding documentary and electronic material indicating large-scale diversion of unaccounted funds.