Cash seizure in NE by Directorate of IT Investigation reaches all time high in LS poll

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Task force to look into high value cash deposits

HT Bureau

Guwahati April 22: Directorate of Income Tax Investigation, NER has exceeded all previous records of cash seizures made during general elections in the Northeast.

Cash seizures of Rs. 1.21 crore was made by IT during Election Expenditure Monitoring for 2014 elections, an official release informed here Monday.

The directorate has made cash seizure exceeding Rs 8 crore till April 22, which is nearly seven times the previous haul. This amount compares favourably even with many other jurisdictions, which have much higher tax revenue base than Northeast.

Principal Director of IT Investigation for NER, Sanjay Bahadur has attributed this phenomenal outcome to timely preparation for the polls and identification of expenditure in sensitive locations in consultation with state authorities and police and to gathering of ground intelligence by Directorate investigators. The limited manpower of about 150 officials was strategically deployed to set up an extensive network of Surveillance Units to cover 112 districts and in 12 Air Intelligence Units (AIUs) for interception of unexplained cash. He praised the active cooperation extended by CEOs, state police, CISF, Assam Rifles, CRPF, BSF and banks in this intense effort to throttle the use of black money during election process, the release said.

A Special Task Force jointly headed by Subhrajyoti Bhattacharjee, additional director & nodal officer and Mrinal Das, joint director heading AIUs has also been constituted on Monday to investigate thousands of suspicious high value cash deposits and withdrawals in 68 banks operating in the region.

The Task Force will submit its preliminary findings within one month and strict consequential action as per tax laws will be initiated wherever unexplained cash deposits are found. The Directorate is being assisted by Financial Intelligence Unit of India in this exercise aimed at striking at the sources and conduits of cash flow during and immediately preceding elections in a decisive manner. It will also scrutinise affidavits of all candidates filed before Election Commission for any suppression of declared assets or liability and submit a report to ECI, it added.

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