New Delhi, Jan 6 (PTI) In the biggest ever disclosure of black money stashed abroad, a Indian businessman has admitted undisclosed income of Rs 73 crore to the Income Tax department and also given details of secret lockers held in banks in Switzerland, Singapore and the US, according to Income Tax (IT) department sources.
The I-T department suspects a multi-layered Hawala racket and money laundering being operated through these accounts, both in India and abroad, and is probing the role of some high profile individuals with possible political links. Full story
Related:
After I-T raid, Delhi biz man surrenders Rs 73 crore - Hindustan Times
Delhi businessman admits to Rs 73 cr black money - IBNLive
