On Wednesday, the Income Tax department conducted a series of raids on Bitcoin exchanges around the country. Raids were conducted at Delhi, Bengaluru, Hyderabad, Kochi and Gurugram.
The Income Tax department has found incriminating material during its raids on the Jaya TV office and other places that were conducted on Thursday.
As part of ‘Operation Clean Money,’ the Income Tax department raided the offices of Jaya TV in Chennai. The raid which began at 6.30 am was carried in 187 other locations as well.
The Income Tax department conducted raids in nearly 187 locations in Tamil Nadu, Andhra Pradesh and Delhi.
Karnataka Chief Minister, Siddaramaiah threw open a challenge to BJP’s national president Amit Shah and said that his government in Karnataka cannot be dislodged. Shah may have succeeded in Uttar Pradesh, but will not be able to repeat that in Karnataka, Siddaramaiah said.
Nearly Rs 300 crore worth undisclosed income is under the scanner following the raids on Karnataka’s Energy minister, D K Shivakumar. The Income Tax department conducted raids at multiple locations including the residence of the minister between Wednesday and Friday.
After the Income Tax raids on D K Shivakumar, the question now is what next. He is currently consulting with his legal advisors after the IT department issued summons to him. The IT department had conducted raids on Shivakumar and his associates at various locations for over three days.
The raids at the residence of Karnataka minister D K Shivakumar have ended. The Income Tax department had carried out raids for the past three days at his residence and 63 other locations.
Karnataka’s Energy Minister, D K Shivakumar is a worried man. With the Income Tax Department carrying out raids for the past three days now, there is a good chance that more may be unearthed against him. Contrary to claims that are being made that the IT department raid was a witch hunt to target the Gujarat MLAs being hosted by Shivakumar in Karnataka, the truth of the matter is that this raid was planned months in advance.
There is no respite for Karnataka minister D K Shivakumar as the IT raids continued for the third day. The IT department officials which started raiding the minister and his associates on Wednesday said that this process may take more time.