×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

Probe into CWG contracts: I-T conducts nationwide raids

Probe into CWG contracts: I-T conducts nationwide raids
PTI
Comment E-mail Print Share
First Published: Thu, Oct 28 2010. 03 26 PM IST
Updated: Thu, Oct 28 2010. 03 26 PM IST
New Delhi: The Income Tax department on Thursday conducted nation-wide raids on premises of some contractors and firms as part of its probe to detect alleged financial irregularities in the organisation of the Commonwealth Games.
Official sources said the department is conducting raids at about 40 locations across the country, including in the national capital.
Sources said the I-T teams are raiding premises of various firms associated with the Games in Bangalore, Mumbai, Jharkhand and National Capital Region (NCR).
They said the I-T probe will specifically look into the contracts awarded by the Games Organising Committee (OC) and the role of its officials and contractors including charges of bribing.
The I-T department officials are seizing documents related to all the tenders and contracts that were granted to various consortiums for the Games to detect possible evasion of taxes through over-invoicing and fudging of accounts.
The department had on 19 October carried out similar searches on four major consortiums, including those related to BJP member Sudhanshu Mittal, which had bagged contracts worth Rs700 crore. Mittal is considered to be a close associate of former BJP president Rajnath Singh and late party leader Pramod Mahajan. 10281329
Comment E-mail Print Share
First Published: Thu, Oct 28 2010. 03 26 PM IST