About 100 'benami' assets with links to retired govt officials unearthed after I-T raids in Bhopal: CBDT

Income tax officials conducted search and seizure operation on August 20, at various locations in Bhopal leading to unearthing of benami properties worth over Rs 105 crore, besides cash and jewelery over Rs 1.8 crore.

"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," the Board of Direct Taxes (CBDT) said in a statement Friday.

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 Rs.105 crore have been found.


Documents indicate that a huge amount of undisclosed cash was invested in these properties in the last six years, the Board said.

"Most of the properties have been found in the names of persons of no means, indicating that these are benami properties," the Board added.

Documentary evidence gathered during the search operation indicates partnership or association with some retired government servants and holding of their benami properties, it noted.

The cash and jewellery worth Rs 1.8 crore has been seized, while investigations are going on.