Transactions of more than 150 crores turned out against sales of 20-25 crores
Cars worth Rs 60 crore seized, all with single digit number plates sparking curiosity
New Delhi: Raids by the Income Tax Department at the house of a tobacco trader in Uttar Pradesh's Kanpur continue for the third day. Officials were shocked to see the cars worth crores of Bansidhar Tobacco Company owner KK Mishra in Delhi. Along with the cars, the Income Tax Department has also recovered a Priya scooter. Thus it is several years old, but it is decorated and well kept in the house.
IT officials seized cars worth 60 crores from the tobacco dealer. There were also many other luxury cars including a Rolls-Royce worth 16 crores. All the cars had one thing in common and that was the number 4018. The number of the scooter standing next to it was also 4018.
Four crore rupees cash has been found in this raid. The Income Tax Department suspected the tobacco company of financial manipulation. The company used to show its turnover at 20 to 25 crores, but its actual transactions were more than 1500 crores.
According to sources, this Priya scooter dates back to the time when the tobacconist KK Mishra's business was in its infancy. At that time KK Mishra was struggling. At that time he took the form of his first two-wheeler. But ever since this scooter arrived at KK Mishra's house, Mano's times have changed. Business picked up speed and saw that K. Mishra built his own empire.
According to the businessman's family, the scooter is lucky for them. So scooters have been retained more than cars worth crores of rupees. It is maintained regularly. Its polish and silver coating have also been redone, giving the scooter a brand new look.
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