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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2 killed, 5 injured in firing after mob storms CRPF camp in Manipur's Bishnupur: State home minister
Imphal (PTI): Manipur Home Minister Govindas Konthoujam on Tuesday said two persons were killed and five others injured in firing after a mob stormed a CRPF camp in Bishnupur district.
A large number of youths and women held a protest against the killing of two children in a bomb attack by suspected militants in Moirang Tronglaobi area earlier in the day, he said.
The protesters stormed the CRPF camp near Gelmol, a few 100 metres from the bomb attack site, burnt vehicles and vandalised properties there, he said.
"I had urged the protesters not to enter the CRPF camp and to allow security forces to focus on conducting an operation to apprehend those involved in the bomb attack," the minister said.
But the demonstrators did not pay heed to the appeal.
"They stormed the CRPF camp, burnt vehicles and vandalised portions of the camp, leading to firing by security personnel. They fired either in self-defence or in anger. Two persons, unfortunately, died in the firing, while five others sustained bullet injuries," the state home minister said.
