TIA NEWS /
The Income Tax department has provisionally attached Benami assets allegedly linked to Delhi Health Minister Satyender Jain in a case of illegal routing of undisclosed funds of over 13 crore rupees. Sources said, the Department issued the order last week under the provisions of the new Benami Property Transactions Act, 1988 that came into force on November last year.
The department has identified four firms that allegedly took accommodation entries in the form of share capital and purchased assets illegally.Hundreds of bighas of land, allegedly purchased in and around Delhi by these firms have been provisionally attached.
The order said, that the cash consideration for procurement of accommodation entries was allegedly provided by Delhi Minister. Mr Jain has reportedly denied any wrongdoing and has said that he has no association with the said companies since July 2013.
The order said the total accommodation entries received by these firms between 2010-2016 is 13.68 crore rupees.It said, these companies did not have any business activity during the period of funding so as to attract such huge funding in the form of share capital and share premium.