Demonetization may have made common public stand in long queues for hours but it has also brought some really black money holders in limelight and one of those is Kishore Bhajiawala, a financier from Surat.
The Income Tax department has recovered Rs. 10.45 crore from him which was unaccounted in income. Moreover, he has Rs. 400 crore worth property and used many dummy bank accounts for laundering his black money. As per the sources from CBI, nearly 700 individuals have deposited and withdrawn money from him after the demonetization.
Sources from the Income Tax dept. revealed that he had 27 bank accounts, out of which 20 were benami and he used them for laundering of huge amount of money but as of now, the amount that he has deposited and withdrawn can’t be confirmed.
Till now, the Income Tax dept. has seized this from Kishore Bhajiawala:
- Gold jewellery worth Rs. 4,92,96,314
- Diamond jewellery worth Rs. 1,39,34,580
- Silver ingots worth Rs. 77,81,800
- Gold worth Rs. 1,48,88,133
Apart from this, what is shocking is that he also has currency worth Rs. 1,45,50,800 in new notes.
Considering the fact that many bankers and big names could be involved, the case was given to CBI.
CBI sources have disclosed that Kishore, on Nov 12, 13 and 14, deposited Rs. 1 lakh, Rs. 2 lakh and Rs. 4 lakh, respectively in different bank accounts, through different people. In order to convert the old currency into new, he has used 212 individuals. The investigating agency has found that the senior manager of People’s Cooperative Bank, Surat, Pankaj Bhatt, has also helped Kishore in some transactions. The agency is trying to find out other bank accounts which were used for the laundering of black money.
The net worth of Kishore is around Rs. 1300 crore and it includes many rowhouses, flats, plots and commercial properties. The sources said that he used to give loans and once the debtor was not able to repay the loan, then he got the property transferred in his name. The source further said, “It is not possible to get such a large number of new currency notes without the involvement of bankers, so we have been probing the roles of various banks.”
It seems a big fish has been caught by CBI and some big names will also come out in this case. What do you say, guys?