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I- T report pegs Qureshi's tax evasion at ` 200 cr [Mail Today (India)]
[October 20, 2014]

I- T report pegs Qureshi's tax evasion at ` 200 cr [Mail Today (India)]


(Mail Today (India) Via Acquire Media NewsEdge) THE Income Tax ( I- T) Department has detected tax evasion to the tune of ` 200 crore over the last two years by controversial meat exporter Moin Qureshi and his companies.

According to news agency PTI, a senior official confirmed that a notice would be issued to Qureshi soon to recover the money. The estimate for tax evasion has been prepared by the investigation wing of the I- T Department, which had raided Qureshi's house and business premises in February and seized unaccounted cash and jewellery valued around ` 20 crore.



The appraisal report of the investigation wing will now go to the central directorate of the IT Department, which will issue a final notice to the assessee. Qureshi did not respond to repeated calls and messages sent to his mobile phone.

The raids had revealed large- scale underreporting of profits by Qureshi's firms, which are primarily involved in the meat exporting business. A scrutiny of Qureshi's I- T returns had revealed that the exporter has assets disproportionate to his declared income, a senior official said. Apart from houses in Defence Colony, Qureshi owns a sprawling farm house in Chhatarpur that was designed by a famous French architect. As many as 15 of Qureshi's firms, including AMQ Agro, are registered at the Defence Colony address.


Another bungalow in Defence Colony that has been rented by Qureshi and is being used as an office belongs to the mother of former Central Bureau of Investigation director A. P. Singh. Phone tapping by I- T officials before the raids has thrown up the close nexus between Qureshi and Singh. The I- T department report, submitted to the Supreme Court last week, disclosed that Singh and Qureshi exchanged messages in ' code language'. Attorney general Mukul Rohatgi had told the apex court that " the report reveals an astonishing state of affairs wholly unbecoming and revealing the shocking conduct of a former CBI director", now a member of the Union Public Service Commission.

(c) 2014 India Today Group. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

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