Tobacco tycoon raided: The Income Tax (IT) division has raided a tobacco tycoon and located a fleet of luxury cars at his home within the nationwide capital in the present day (March 1). During the raid, luxury cars value Rs 60 crore have been discovered which included Rolls-Royce Phantom value Rs 16 crore.
The distinctive factor is that ‘4018’ is the frequent quantity on the finish of all luxury automobiles. The automobiles are registered within the title of Shivam and Bansidhar Company.
The different luxury model cars included Mclaren, Lamborghini Ferrari and so on. As per experiences, raids have been performed at round 20 areas of a non-public firm including Kanpur, Delhi, Mumbai and Gujarat.
The luxury cars have been discovered on the residence of Shivam Mishra, son of KK Mishra, proprietor of ‘Banshidhar Tobacco Company’. Other luxury cars additionally recovered from Shivam Mishra’s dwelling have been a McLaren, a Porsche, and a Lamborghini. The IT groups have reportedly confiscated Rs 4.5 crores in money throughout the raids, alongside with a number of paperwork.
According to sources, the tobacco firm was issuing faux checks to the corporate proven within the accounts. Income Tax officers have additionally raided the businessman’s bungalow in Kanpur and Delhi.
Tobacco businessman KK Mishra’s workplace is in New Rajendra Nagar, Delhi, by the title of Banshidhar Exports. The Income Tax Department staff got here right here on Thursday round. The raids continued until 11 within the evening. KK Mishra’s granddaughter lives at this handle. She was additionally interrogated and a few paperwork have been seized.
