NEW DELHI: The Income Tax Department on Wednesday continued its raids against some Chinese individuals and their local associates in connection with its probe into a Rs 1,000 crore worth cross-border money laundering racket using shell or dubious firms, officials said.
The department, official sources said, has seized a number of documents and computer peripherals and has recovered about Rs 60-70 lakh cash from multiple premises in the Delhi-NCR region till now.
The tax sleuths raided at least two dozen premises in Delhi, Gurgaon and Ghaziabad on Tuesday as part of the action under which it covered the Chinese, some of their Indian associates and bank officials, the Central Board of Direct Taxes (CBDT) had said in a statement. (AGENCIES)
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