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Income Tax Department (Logo)

IT dept to attach 20 properties of Mayawati's former aide Netram in disproportionate assets case: IT sources

ANI | Updated: Mar 19, 2019 19:00 IST

New Delhi (India) Mar 19 (ANI): The Income Tax (IT) department will attach around 20 properties of retired IAS officer Netram, a former secretary of BSP supremo Mayawati, in connection with a disproportionate assets case, IT sources said on Tuesday.
“The IT department will attach around 20 properties related to Netram. It was found that the valuation of these properties shown in the books is around Rs 100 crore but actual purchase value is around Rs 225 crore,” the sources told ANI, adding that the properties are situated in Delhi, Mumbai, Kolkata and Noida.
Last week, multiple locations connected to Netram were raided by Income Tax officials. "Raids on the locations related to Mayawati's former secretary, Netram, resulted in the disclosure of 30 shell companies, additional properties worth Rs 225 crore and crores of rupees in cash,” sources in Income Tax department had said.
As per IT sources, in most of 30 shell companies, either family members of the assessee or his in-laws were shown as shareholder and director. "His in-laws expressed complete ignorance about such companies. Children of the assessee are authorised persons to operate bank accounts of shell companies," they said.
During the raids, documents related to gift of shares of shell company to family members of assessee, handwritten diaries recording transactions for acquiring shell companies and investments were found, the sources alleged.
Extra-luxurious interiors, mini-theatre and gym were found at his Lucknow and Greater Kailash (Delhi) houses by the IT officials, they said. (ANI)