IT raid on hair export company unearths Rs 65 cr worth undeclared assets
Bengaluru: Income Tax raids on a hair exporting company in north Karnataka has exposed a staggering Rs 65 crore worth of undeclared assets, informed IT officials of Karnataka and Goa.
The company was raided in December 2017. During the raid it was found that the company had no valid documents to prove the sale of hair worth Rs 65 crores. IT sleuths have also seized jewellery and cash worth Rs 5 crore during the raid. Highly placed sources also revealed that some temples had links with this company.
Exporting hair : The company which used to collect hair from temples, beauty parlours and girls' hostels after paying for the same used to export the same to South Africa and European nations. There is much demand for hair and wigs in European and African nations. Sources say the company has done business worth 6 billion in 2015.
The company reportedly belongs to a Congress leader name Srinivas Gupta. Even the residence of Gupta was raided.
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5 schoolchildren among 7 killed in blast in southwest Pakistan
Islamabad (PTI): At least seven people, including five schoolchildren and a policeman, were killed on Friday in a remote-controlled blast in Pakistan's restive Balochistan province, according to media reports.
The blast occurred at 8.35 am near a school at the Civil Hospital Chowk of the Mastung district of the province, Dawn newspaper reported.
“It appears that an IED (improvised explosive device) attached to a motorcycle was detonated near a police mobile,” Kalat Division Commissioner Naeem Bazai was quoted as saying in the report.
“So far, seven individuals have been killed, including five school students,” Bazai said. At least 22 people were injured in the attack.
Most of those injured were schoolchildren, Geo News reported, adding that they were shifted to a nearby hospital.
A police van and several auto-rickshaws were damaged in the explosion, according to the report.
An emergency was declared across all Quetta hospitals after the blast, the report said quoting the provincial health department spokesperson, adding that all doctors, pharmacists, staff nurses and other medical staff were summoned.
