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Income Tax officials raid diamond traders in Mumbai, Surat

October 03, 2013 17:25 IST

Income Tax officials raid diamond traders in Mumbai, Surat

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Income Tax officials on Thursday simultaneously carried out searches in the homes and offices of leading diamond traders in Mumbai, Kolkata, Jaipur and Surat.

In Mumbai, office of diamond traders in Opera House, Panchratna Building and Prasad Chambers were raided.


Photographs: Sahil Salvi/Rediff.com

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According to reports, these diamond traders were producing fake purchase and sale billing receipts and also availing multiple loans on one consignment.

Initially fifty spots were covered and then the I-T department took it a step further and has covered another 50 more spots on Thursday.


Photographs: Sahil Salvi/Rediff.com
Tags: I-T , Mumbai

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On Monday, when diamond traders were weighing Narendra Modi in silver, he had joked that certain people will be taking notes on whom to raid next.


Image: Narendra Modi sits on a weighing scale balanced with silver during the inauguration of the Mumbai Diamond Merchant Association's Diamond Hall.
Photographs: Arun Patil/Rediff

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