The Income Tax Department, which carried out searches on a big syndicate involving certain businessmen and middlemen of Maharashtra and some persons holding public offices, detected transactions to the tune of Rs 1050 crore in connection to the alleged cash for transfer scam.
The I-T department said the funds in question involved the cash paid by bureaucrats for getting key postings under a certain Ministry and cash paid by the contractors for getting payments released. The major amount of cash collected had been distributed to various persons, including someone who is mentioned under a code name, the agency said.
According to the agency, the syndicate consisting of businessmen, middlemen, associates, and persons holding public offices used various code names in their records and in one case had backdated records by 10 years.
Some suites in Oberoi Hotel in Mumbai, permanently rented by two of the middlemen and used for meeting their clients, were also subjected to searches. These middlemen provided end-to-end services to corporates and entrepreneurs from land allotment to obtaining all governmental clearances, the agency said.
Despite using encrypted modes of communication and sanitising devices, the Income Tax teams were able to recover critical digital evidence and also located a secret hideout from where various incriminating evidence was recovered, the I-T department said.
The liaisoners also used ‘angadiyas’ (couriers) for transfer of cash and Rs 150 lakh was seized…