Documents, records on Nirav Modi safe, not destroyed in fire, clarifies IT Department

Documents, records on Nirav Modi safe, not destroyed in fire, clarifies IT Department
Highlights

The Central Board of Direct Taxes (CBDT) has issued a clarification reacting to media reports that documents of investigation on defaulters, Nirav Modi and Mehul Choksi have been gutted in a fire in the IT department office. The clarification states that the papers of both the defaulters were shifted before the office was gutted.

The Central Board of Direct Taxes (CBDT) has issued a clarification reacting to media reports that documents of investigation on defaulters, Nirav Modi and Mehul Choksi have been gutted in a fire in the IT department office. The clarification states that the papers of both the defaulters were shifted before the office was gutted.

 

 

There was a clarification on shifting the documents too, which read that the related investigation records have been handed over to the assessment units as part of the assessment process.

The IT Department is investigating the bank fraud allegedly committed by Nirav Modi and his uncle Mehul Choksi to the tune of more than Rs 13,400 crore between 2011 and 2017.

A massive fire broke out at Scindia House in Mumbai on June 1. The fire was put out only after 12 hours of dousing work, destroying most of the records kept inside. The building also included offices of the Income Tax Department and Debt Recovery Tribunal.

The clarification came after the Congress' allegations following media reports on the same. Congress had Tweeted: In a rather convenient turn of events, a fire burned papers that the Income Tax Department had on Nirav Modi, the man who was photographed with PM Modi before he went on the run after pulling off the largest banking fraud in India.

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