A total of five watches have been received by Income Tax, for which a special team has been called for valuation.

New Delhi :

Income Tax Department raids on tobacco businessman KK Mishra's establishments in Kanpur are continuing for the third day today.

According to sources, raids are going on at many locations of Banshidhar Tobacco Company for three days.

15 to 20 teams are conducting raids in five states including Kanpur in UP.

Income Tax officials are still continuously investigating Banshidhar Export and Banshidhar Tobacco located in Nayaganj, Kanpur.

During the raid, 5 more expensive watches including a diamond watch worth Rs 2.5 crore were seized.

Along with this, vehicles worth crores of rupees, jewelery and cash worth Rs 7 crore have also been seized. 

If sources are to be believed, many secrets have come to light during the interrogation of people associated with Banshidhar Export and Banshidhar Tobacco.

Now, on the basis of inquiries and documents, the Income Tax Department is preparing to take action against the big Pan Masala group also.

According to Income Tax Department sources, today is the third day of Income Tax Department action against Banshidhar Tobacco Group.

 In the second day's raid, Income Tax Department officials found luxury watches worth crores of rupees, which also included a diamond studded watch worth about Rs 2.5 crore.

A total of five watches have been received by Income Tax, for whose valuation a special team was called, the report of which will come after a few days.

It is being told that Banshidhar Tobacco Limited Company used to sell its raw material to the big Pan Masala Group.

Now, on the basis of this, the Income Tax Department is preparing to take action against the big Pan Masala group, which was purchasing goods from this company. 

At present, in the action taken so far, about Rs 4.30 crore in cash and jewelery worth Rs 2.5 to Rs 3 crore have been seized by the Income Tax Department officials.

Along with this, the businessman's factory in Unjha, Gujarat and the location of the company in Guntur from which Banshidhar Company purchases goods are also being continuously raided by Income Tax Department teams.

Cash worth crores seized including Rolls Royce worth Rs 16 crore

The Income Tax Department has raided Banshidhar Tobacco Company at 20 places including Kanpur, Delhi, Mumbai and Gujarat.

The Income Tax Department team has also raided the Delhi residence of company owner Shivam Mishra.

Which is situated in Vasant Vihar.

Cars worth more than Rs 50 crore have been found from Shivam Mishra's residence.

Which also includes Rolls-Royce Phantom worth Rs 16 crore.

Other luxury cars recovered from Shivam Mishra's residence also include McLaren, Porsche and Lamborghini.

Let us tell you that the number '4018' is written at the end of the plate of all the cars.

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