New Delhi: The Income Tax department,
investigating allegations of hawala transactions and
investments by former Jharkhand chief minister Madhu Koda, is
verifying details of PAN cards found during searches in
connection with the probe.
The department, sources said, has seized a number of PAN
cards during its nationwide searches and there is a
possibility of one individual using different PAN cards at the
same time.
"The income earned through various sources by an
individual can be traced through a Permanent Account Number
(PAN). There is a possibility that Koda's associates may have
had different cards to hide the exact income," sources said.
A number of PAN cards have been seized in Mumbai and
Kolkata and information related to their issuance and records
is being obtained, sources said.
The department will take the help of its various offices
to check PAN card details and various monetary transactions
undertaken through them, sources said.
Koda and his associates, including Binod Sinha and Sanjay
Chowdhary, have been accused by the IT department and the
Enforcement Directorate of having floated fictitious accounts
and companies to route and invest money through hawala
channels.
Bureau Report
First Published: Wednesday, November 11, 2009, 19:13