Nashik: The Income Tax Department conducted a major raid on Surana Jewellers in Nashik on May 26, following allegations of undisclosed transactions by the proprietor. The raid, as reported by ANI, led to the recovery of ₹26 crore in cash and documents revealing unaccounted wealth worth ₹90 crore.
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The total unaccounted wealth discovered during the raid amounts to ₹116 crore. The Income Tax Department’s action was prompted by suspicions of financial irregularities at Surana Jewellers. The discovery of such a large sum of unaccounted wealth has raised concerns about financial misconduct and tax evasion in the region.
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