Nov 9, 2022 | Business
A search and seizure action was initiated by the Income Tax Department on few business groups engaged in coal trading/ transportation, execution of civil contracts, extraction of iron ore and production of sponge iron, on 04.11.2022. Those searched include two politically exposed persons and their associates. The searches were carried out at more than 50 premises spread over Ranchi, Godda, Bermo, Dumka, Jamshedpur, Chaibasa, Patna, Gurugram, and Kolkata.
The search operation has led to the seizure of large number of incriminating documents and digital evidences. A preliminary analysis of these evidences indicates that these groups have resorted to various modus-operandi of tax evasion including inflation of expenses, transactions of loans in cash, payments/receipts in cash and suppression of production. During the search, it has also been found that investments have been made in immovable properties, the source of which could not be fully explained.
The search operation also revealed that one of the groups engaged in civil contracts was not maintaining regular books of account. The group has been inflating its expenses by entering into non-genuine transactions of purchase of raw material/ sub-contract expenses in lumpsum at the fag end of the year. Evidences seized also suggest that unfair payments in cash have been made to secure contracts.
In the case of the other group engaged in coal trading/ extraction of iron ore etc, unaccounted stock of iron ore of huge value has been found, which is yet be quantified. The said group has also introduced its unaccounted money in the form of unsecured loans and share capital by layering the transactions through shell companies. Professionals associated with this group have admitted that they had not verified any supporting documents and had signed the audit report prepared by the group’s accountant without due diligence.
During the search, undisclosed cash exceeding Rs 2 crore has been seized. A total of 16 bank lockers have been put under restraint. So far, the searches have revealed unaccounted transactions/ investments exceeding Rs 100 crore.
Further investigations are under progress.
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RM/PPG/KMN
(Release ID: 1874450)
Visitor Counter : 657
May 14, 2022 | International
On May 3, 2022, as a result of the vigilance of staff members, a package containing unauthorized items was seized on the perimeter of Atlantic Institution, a federal maximum security institution.
May 13, 2022 – Renous, New Brunswick – Correctional Service Canada
On May 3, 2022, as a result of the vigilance of staff members, a package containing unauthorized items was seized on the perimeter of Atlantic Institution, a federal maximum security institution.
The unauthorized items seized included seven bales of tobacco, five cell phones, five chargers, three charging blocks and 11 SIM cards. The total estimated institutional value of this seizure is $21,000.
The Correctional Service of Canada (CSC) has set up a telephone tip line for all federal institutions so that it may receive additional information about activities relating to security at CSC institutions. These activities may be related to drug use or trafficking that may threaten the safety and security of visitors, inmates, and staff members working at CSC institutions.
The toll-free number, 1‑866‑780‑3784, helps ensure that the information shared is protected and that callers remain anonymous.
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May 10, 2022 | International
On April 20, 2022, as a result of the vigilance of staff members, a package containing unauthorized items was seized
on the perimeter of Atlantic Institution, a federal maximum security institution.
May 9, 2022 – Renous, New Brunswick – Correctional Service Canada
On April 20, 2022, as a result of the vigilance of staff members, a package containing unauthorized items was seized on the perimeter of Atlantic Institution, a federal maximum security institution.
The unauthorized items seized included nine bales of tobacco, one cell phone, and one charger. The total estimated institutional value of this seizure is $11,500.
The Correctional Service of Canada (CSC) has set up a telephone tip line for all federal institutions so that it may receive additional information about activities relating to security at CSC institutions. These activities may be related to drug use or trafficking that may threaten the safety and security of visitors, inmates, and staff members working at CSC institutions.
The toll-free number, 1‑866‑780‑3784, helps ensure that the information shared is protected and that callers remain anonymous.
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Apr 3, 2022 | International
On March 30, 2022, as a result of the vigilance of staff members, contraband and unauthorized items were seized on the property of Warkworth Institution, a medium security federal institution.
April 1, 2022 – Campbellford, Ontario – Correctional Service Canada
On March 30, 2022, as a result of the vigilance of staff members, contraband and unauthorized items were seized on the property of Warkworth Institution, a medium security federal institution.
The seized items included 161 grams of tobacco, 13 grams of cannabis, 63 grams of shatter (cannabis concentrate), cell phones, and accessories.
The Correctional Service of Canada (CSC) uses a number of tools to prevent drugs from entering its institutions. These tools include ion scanners and detector dogs to search buildings, personal property, inmates, and visitors.
CSC has measures in place to prevent contraband and unauthorized items from entering its institutions in order to help ensure a safe and secure environment for everyone. CSC also works in partnership with the police to take action against those who attempt to introduce contraband or unauthorized items into correctional institutions.
CSC has set up a telephone tip line for all federal institutions so that it may receive additional information about activities relating to security at CSC institutions. These activities may be related to drug use or trafficking that may threaten the safety and security of visitors, inmates, and staff members working at CSC institutions.
The toll-free number, 1‑866‑780‑3784, helps ensure that the information shared is protected and that callers remain anonymous.
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Mar 12, 2022 | International
On March 4, 2022, as a result of the vigilance of staff members, contraband and unauthorized items were seized at Kent Institution, a maximum security federal institution.
On March 4, 2022, as a result of the vigilance of staff members, contraband and unauthorized items were seized at Kent Institution, a maximum security federal institution.
The contraband and unauthorized items seized include one Secure Digital (SD) card, five cell phones, and 418.3 grams of shatter (cannabis concentrate). The total estimated institutional value of this seizure is $227,000.
The Correctional Service of Canada (CSC) uses a number of tools to prevent drugs from entering its institutions. These tools include ion scanners and drug-detector dogs to search buildings, personal property, inmates, and visitors.
CSC is heightening measures to prevent contraband from entering its institutions in order to help ensure a safe and secure environment for everyone. CSC also works in partnership with the police to take action against those who attempt to introduce contraband into correctional institutions.
CSC has set up a telephone tip line for all federal institutions so that it may receive additional information about activities relating to security at CSC institutions. These activities may be related to drug use or trafficking that may threaten the safety and security of visitors, inmates, and staff members working at CSC institutions.
The toll-free number, 1‑866‑780‑3784, helps ensure that the information shared is protected and that callers remain anonymous.
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Kim MacPherson
Assistant Warden Management Services
Kent Institution
604-796-4417
