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IT raids yield crores in Patna

Last Updated: Thursday, March 22, 2012 - 16:41

Patna: The Income Tax department has
raided several establishments and premises of a businessman
Vinay Kumar Sinha, who is also the Bihar JD(U) treasurer, and
seized cashes worth Rs five crore.

Director (Investigation) of Income Tax, Patna, Ajay
Kumar said the IT sleuths raided Sinha`s establishments and
premises and seized Rs five crore in cash on Tuesday.

"We have also detected investments worth Rs 25 to Rs
30 crore) by Sinha," Kumar said adding some bank accounts were
also detected.

Sinha had been an MLC currently treasurer of Bihar
JD(U).

PTI

First Published: Thursday, March 22, 2012 - 16:41
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