Fifteen to 20 teams carried out raids across five states, metaphorically shaking down every tobacco leaf linked to Banshidhar Tobacco Company.
A Rolls Royce, a Porsche, a Lamborghini – all bear ‘4018’ on the licence plates and in front of them poses a man with the flamboyance of Hrithik Roshan’s character in a hit song from ‘Kaho Na Pyaar Hai’. He is Shivam Mishra, the scion of a tobacco company at the centre of multi-state raids by the income tax department.
The Income Tax department executed a series of raids on Banshidhar Tobacco Company, unearthing a complex web of financial manipulations that extend across various states and even overseas. The raids, spanning 20 locations including Kanpur, Delhi, Mumbai, and Gujarat, have exposed alleged discrepancies in the company’s reported turnover, with sources revealing a staggering difference between the declared income and the actual turnover.
Fifteen to 20 teams carried out raids across five states, metaphorically shaking down every tobacco leaf linked to Banshidhar Tobacco Company, to stumble upon a treasure trove of luxury cars worth a staggering ₹ 50 crore; among them, a Rolls-Royce Phantom, priced at a cool ₹ 16 crore, found at Shivam Mishra’s home in Delhi’s Vasant Vihar.
Other luxury cars recovered from Shivam Mishra’s home were a McLaren, a Porsche, and a Lamborghini. The IT teams have reportedly confiscated ₹ 4.5 crores in cash during the raids, along with several documents.