Gujarat Exclusive > Gujarat news > Searches at former I-T officer PVS Sharma’s house lead to alleged blackmoney trail

Searches at former I-T officer PVS Sharma’s house lead to alleged blackmoney trail

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Former Income Tax officer and Surat city BJP vice-president PVS Sharma who accused Kalamandir Jewellers of tax theft is himself allegedly worth Rs40 to Rs50 crore.

As per sources, the Income Tax department which is carrying out searches at various places associated with PVS Sharma has come across details of 10 properties owned by him. The combined value of the same is Rs40 to Rs50 crore.

The tax officials have also apparently recovered documents pointing out to another Rs 80 crore worth of assets. It has also emerged that PVS Sharma and his wife have a loan of Rs6.50 crore

It is suspected that a lot of Sharma’s wealth is unaccounted for.

PVS Sharma’s employment in Mumbai firm a sham?

PVS Sharma also worked with a Mumbai firm Kusum Silicon where he joined in 2011 at a pay of Rs1.5 lakh per month. Apart from the salary, he also got Rs90 lakh as commission.

Sources said PVS Sharma claimed to be unwell during questioning and doctors had to be called. None of the employees at the company where Sharma worked knows him or has heard of him.

Officials are now investigating as to why Sharma was paid a salary when he never visited the company and was living in Surat.

They are also probing what is his exact role in the company where he works. Officials are also investigating another company Kusum Dyecare which belongs to Kusum Khandeliya and Kaushal Khandeliya.

Officials have also searched the residence of Kusum and Kaushal and have recovered 1 kg of gold and affidavits pointing to Rs35 lakh.

Officials also raided the house of PVS Sharma’s chartered accountant. Sharma is also associated with the construction firm of a builder Bharat Shah.

Meanwhile, owner of Kalamandir Jewellers Milan Shah said he will sue PVS Sharma for defamation.

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 demonetisation.

 

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