Gujarat Exclusive > Gujarat news > ED attaches Rs2.7cr of assets of Surat BJP vice-president and income tax officer PVS Sharma

ED attaches Rs2.7cr of assets of Surat BJP vice-president and income tax officer PVS Sharma


The Enforcement Directorate (ED) has attached several properties of Surat city vice-president and former income tax officer PVS Sharma. The ED in a tweet said that the agency has attached the flats, shops, plots, fixed deposits, and balances in bank accounts totaling Rs2.70 crore of PVS Sharma in a cheating case.

Sharma was also the director of Sanket Media. He is an accused in a cheating and forgery case.

The case against PVS Sharma

The Surat police had in November arrested PVS Sharma after the Surat I-T Deputy Director (Investigations) filed a complaint against him and his company director Sitaraam Adukiya with the Umra Police station.

The Income-Tax Department had in mid-October carried out search operations against PVS Sharma.

Sharma had made allegations against Kalamandir Jewellers in Surat accusing them of avoiding tax on the Rs110 crore black money which they allegedly deposited in the bank during demonetization.

The search operations against Sharma revealed unaccounted income and Benami properties. Later, Sharma had tried to commit suicide by hanging himself at his residence. He was shifted to a private hospital for treatment where he was arrested today upon discharge.

During the raid, officials also recovered several fake documents. Sharma also ran a newspaper that forged circulation figures to get advertisements.

The search operations at PVS Sharma’s properties had extended to cover Sanket Media Private Ltd which owned the Satyam Times, a daily in Gujarat and English.

Raids revealed that the company with which Sharma was associated had forged to show circulation for its Gujarati edition as 23,500 and 6,000 for its English edition.

However, a handwritten note in a stock register showed that the stock sought for the printing of the paper was for only 300 to 600 copies of both the Gujarati and English edition.

Officials said the company forged circulation figures to get more advertisement from both government and private players.


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