The Income Tax Department carried out a search and seizure operation on 20.08.2020 at various locations in Bhopal.

The key person of one of the groups covered used to run a bangles shop. Another person covered is a property builder/developer and is also running a cricket academy. During the course of the search operation, documents pertaining to about 100 properties in the nature of plots, flats and agricultural lands having market value of about ₹ 105 crore have been found. Documents indicate that a huge amount of undisclosed cash was invested in these properties in the last 6 years. Most of the properties have been found in the names of persons of no means, indicating that these are benami properties. During the search, cash and jewellery worth ₹ 1.8 crore have been seized.

Further, documentary evidence gathered during the search operation indicates partnership/association with some retired government servants and holding of their benami properties.

 Investigations are still in progress.

Benami property investigations reveal undisclosed real estate investments and physical seizures, prompting an ongoing tax inquiry. Income-tax authorities conducted search and seizure operations that recovered documents relating to about one hundred immovable properties acquired with substantial undisclosed cash, many held in names of persons of no means and indicative of benami properties, together with seized cash and jewellery; investigations into source of funds, associated partnerships and benami holdings remain ongoing.