T-Series Chairman Bhushan Kumar questioned by the IT Department for tax evasion!

The Chairman and MD of Super Cassettes Industries Private Limited (T-Series), Bhushan Kumar, was interrogated at his office in Delhi-NCR by senior income tax officials for allegedly evading huge tax. He was also questioned for allegedly transferring off hundreds of crores to foreign countries to purchase properties in the names of his employees.

The IT searches that began on Thursday were conducted at 30 premises of the company in Delhi, Mumbai, Faridabad and Noida. According to the reports of a daily, the officials have sealed 25 bank lockers to recover details of various foreign bank accounts and assets allegedly acquired by Bhushan Kumar in the names of his employees. It also claimed that they have traced substantial investments for acquisition of properties in the US and Dubai. Papers of several benami properties in India have also been recovered.

As per a source which was quoted saying, “Employees have recorded statement with the I-T officials stating they had nothing to do with these properties and those were investments made by Kumar.”

A senior officer also said that more details on the extent of tax evasion on part of Bhushan Kumar will emerge.

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