By IANS,
Ranchi : A Jharkhand Mukti Morcha (JMM) legislator and his brother own undeclared assets worth more than Rs.10 crore (Rs.100 million), an official of the Income Tax (IT) department said Saturday.
According to the official, JMM legislator from Giridih district Munna Lal owns undeclared assets worth Rs.10.20 crore in his name and in the names of his relatives.
IT sleuths had conducted raids at 19 places, including houses and companies run by Munna Lal and his brother Vijay Lal, Sep 16. During the raid, they found Rs.50 lakh cash, documents of 200 acre of land, jewellery worth Rs.50 lakh and other things from Lal group of companies.
“Lal group of companies were filing return of a small amount. We raided their houses on a tip and found them amassing assets of millions of rupees,” said the official.
According to the official, Munna Lal did not reveal assets worth more than Rs.10.2 crore. Also, he and his brother have flats in Kolkata and other places which they did not declare while filing income tax returns.
“Till now we have found that Lal brothers own more than Rs.10.2 crore. The further evaluation of their assets is under way,” said the official.