Crores in cash including 2.2 crores in new notes found in raid on office
Kolkata businessman who allegedly helped him convert money was arrrested
The Enforcement Directorate or ED has summoned Delhi-based lawyer Rohit Tandon from whose office authorities had found nearly Rs. 14 crore in cash earlier this month, including over Rs. 2 crore in the brand new 2,000-rupee notes.
The ED was asked by a Delhi court yesterday why they have not yet arrested Mr Tandon even though they have arrested Kolkata-based businessman Parasmal Lodha – who allegedly helped the Delhi lawyer convert Rs. 2.62 crore of old notes to new ones.
Mr Lodha has been taken into custody by the ED for allegedly working as an agent for Mr Tandon and Tamil Nadu businessman J Sekhar Reddy.
Mr Tandon’s office in Delhi’s upscale Greater Kailash 1 area was raided on the night of December 10 after a tip-off. In October, Mr Tandon had reportedly disclosed that he had Rs. 125 crore as income with very little to account for it.
Mr Tandon was not present when his office was raided. He reportedly saw and tracked the raid on CCTV camera on his phone at a remote location.
After questioning him, a tax official said Mr Tandon had said that he can account for the money and some of it belongs to various clients.
There have been almost daily cash hauls during raids in the past few weeks, amid a massive cash crunch after the government banned Rs. 500 and 1,000 notes on November 8 to combat corruption and tax evasion. It wiped out 86 per cent of the money in circulation.