New Delhi: The Income Tax Department has attached assets worth Rs 225 crore of retired IAS officer Netram, a former secretary of BSP supremo Mayawati, in connection with a disproportionate assets case.
Searches were carried out on March 12 at 11 premises in Delhi, Lucknow, Kolkata and Bareilly of Netram. Income Tax officials seized cash amounting to Rs 2.03 crore and jewellery worth Rs 17.79 lakh. Also, incriminating documents were recovered.
As many as 20 immovable properties valued at Rs 225 crore and three luxury cars valued at about Rs 1 crore found at the residence of the IAS officer have been provisionally attached under Section 132 (9B) of the Income Tax Act, the Income Tax Department said.
17 lockers restrained during searches are yet to be searched, the department added.
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 Netram's 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....