Rs 50 lakh cash seized from official at airport

The tax department conducted raids at five different locations across Mumbai, including Rasal’s office, residence and the residences of some of his relatives IT department official

By: Express News Service | Mumbai | Updated: July 8, 2017 3:29 am

The Air Intelligence Unit of the Income-Tax (I-T) department intercepted and seized over Rs 50 lakh ‘undisclosed cash’ from a senior official of the Maharashtra government at the Mumbai airport on Friday, said I-T officials familiar with the development. According to the tax officials, the agency intercepted Vikas Rasal, chief executive officer of Mumbai Metropolitan Region Iron and Steel Market Committee, at the airport with alleged undisclosed cash of over Rs 50 lakh, based on intelligence gathered by the department.

The seizure of cash was followed by raids at Rasal’s office and residence in Mumbai. “The tax department conducted raids at five different locations across Mumbai, including Rasal’s office, residence and the residences of some of his relatives,” said an official of the I-T department.

He declined to divulge more details pertaining to the raids, as the investigation into the source of the undisclosed income was still on. Official sources added that Rasal was travelling from Delhi to Mumbai on Friday with personal undisclosed cash.

The Mumbai Metropolitan Region Iron and Steel Market Committee looks into the day-to-day affairs of the biggest iron and steel market in Asia at Kalamboli. Rasal was earlier the divisional joint registrar of cooperative societies for Mumbai and suburban districts. At that time, officials alleged, he had initiated a survey of cooperative societies in the state to zero in on societies that existed only on paper.

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  1. S
    Shirish Pradhan
    Jul 14, 2017 at 6:43 pm
    Sir, While Mr. Rasal was Divisional Jt. Regr. his assistant Mr. Prashant used to type illegal orders for him against huge bribes shared between them. He stays at Dombivali and if his house is raided you would find huge unaccounted cash. This is from my logical experience which I am ready to share in the interest of all concerned.
    Reply
  2. H
    Hemant Sharma
    Jul 9, 2017 at 11:50 am
    Complaints against Vikas Rasal for misappropriation of Funds of various Housing Societies on which he appointed himself as Administrator illegally, are pending with the State Government since 4 years and with Anti-Corruption Bureau Thane unit since 5 months. He is so deeply connected that no one dares to act against him. Only Sahayak NGO has dared to lodge Complaints against him.
    Reply