Rs.500 crore unearthed by Income tax dept in MP & Chattisgarh

The Income Tax Department, during its four-day-long raids, has unearthed Rs 7.7-crore cash, jewellery and related wealth documents to the tune of worth more than Rs 500-crore allegedly amassed by some persons including three IAS officers in MP and Chhattisgarh.

"The raids ended today and a total of Rs 7.7-crore (undisclosed money) was surrendered to us by different persons in Madhya Pradesh and Chhattisgarh," a top IT official said. A sum of Rs 7.2-crore was surrendered by different persons in Madhya Pradesh while the rest amount was surrendered by one person in Chhattisgarh during the raids, he said.

IT officials were scanning and examining the documents recovered during the raids which unearthed wealth to the tune of more than Rs 500-crore unlawfully amassed, among others by IAS couple Arvind Joshi, Tinu Joshi - both principal secretary ranked officers in Madhya Pradesh - and Chhattisgarh Agriculture Secretary B L Agarwal, sources said.

During the raids at the residence of Joshi couple here, cash of Rs 3.4-crore, jewellery, foreign currency and documents related to wealth, other things were recovered. Similarly illegal property, cash, jewellery and documents pertaining to huge wealth of more than Rs 300-crore was unearthed during the raids at Agrawal and his associates' residences at Raipur in Chhattisgarh, an IT source said.