Transactions worth 40 crores leaked in computer raid – Sangri Today

After the Department of Income Tax’s raid on 37 sites of real estate businessman and jeweler Alok Kotawala, a lot of evidence has emerged. Transaction papers and 10 locker keys worth around 40 crores were found. Kotawala has hospitality, horticulture and construction work. In 2016, this businessman was on the department’s radar for spending unaccounted money on his daughter’s wedding. At the wedding, she invited many celebrities including Bollywood actor Ranveer Singh.
According to sources, this raid was carried out on Wednesday at the sites of Alok Kotawala, Pramod Kotawala, Ashish Aggarwal, Kamlesh Jain, Bhimaram Pannalal and their close associates. The investigation continues Thursday. In raids on 33 sites in Jaipur and 4 in Kota, they also found evidence of unrecorded goods and online transactions. A special team is also conducting an investigation of the computer systems from the ledgers. More than 200 income tax and police officers are involved in the raid. We are talking about the disclosure of black money on a large scale.
Sources reveal Alok Kotawala has been on the department’s radar since his daughter’s grand royal wedding in December 2016 at the Udaivilas Hotel in Udaipur. This wedding is considered as one of the top 10 weddings in India. A lot of money has been spent. Kotawala’s daughter, Sanjali, was married to Yashvardhan Lohia, son of Alok Lohia and nephew of Prakash Lohia of Indonesian textile and petrochemical company Indorama Corporation Group, Bangkok’s second-richest. Many foreign artists have been invited. Siddharth Katiyal from Delhi had created a special Istanbul themed ice cream scene. The planning of the Israeli catering, the Italian chef and the famous group from Delhi, the New Zealand event company was special. There was a round ceremony at Lily Pound. Alok Kotawala’s brother-in-law Prakash Lohia is the brother-in-law of steel king Laxmi Niwas Mittal.
A day before the wedding, foreign performers danced on an ice stage at Manak Chowk, City Palace, Udaipur. Bollywood actor Ranveer Singh and actress Jacqueline Fernandez also gave an excellent performance. The singer was Shankar Mahadevan. American pop singer Ellie Goulding also received plenty of applause.
The wedding was attended by many celebrities, politicians, sportsmen and foreign guests from Hollywood, industry and Bollywood industry. Sheikhs from Gulf countries also came to the wedding. In this royal wedding, City Palace, Jagmandir, Fatehprakash Palace and Hotel Udaivilas were decorated in royal style for all Mehndi rituals at the wedding.
Businessman Alok Kotawala’s action on Royal India Jewelery Manufacturing Company Private Limited in Malviya Nagar, Jaipur, hotels under construction in Malviya Nagar, his partner’s Ashish Hotel in Hathroi and Unique Arts showroom on MI Road, a settlement near Ramniwas Bagh, on the second day Thursday also continued. Materials are examined at several locations including Kotawala Market, Tripolia Bazaar, Crop Market, Central Orchids Pvt Ltd, a company specializing in gardening and horticulture, residences, offices and showrooms.
Also in Kota, the investigation continues in many locations including Devashish City and Akash Cinema Hall. Documents are also being reviewed regarding real estate affairs in the Mall and the Rural Police Lines area at Kota Airfield Circle. Traders built hundreds of houses there and sold them to people. Along with this, the company also built multi-storey apartment buildings.
Income tax officials are busy reviewing the documents. The ministry had long received reports that these business groups and partners were committing massive tax fraud. Many Benami properties were created by collecting a lot of money from black money. The ministry had long received complaints of unreported income and tax evasion from the business group.