prasad1
Active member
After accusations of hoarding and black-marketing, allegations of hawalatransactions and links with Dubai continue to sting the prominent onion traders of Nashik. The Income Tax (I-T) department, which raided seven big onion traders in Nashik, now has evidence of their involvement in hawala transaction with Dubai connections.
During the searches, conducted over two days, disproportionate assets were recovered from the traders. Moreover, the I-T department also unearthed evidence of the traders offering cash loans with interest rates of up to 3% per month.
http://timesofindia.indiatimes.com/...tive&utm_campaign=CTN&utm_ctn=16578735-297447
I thought that demonetization will make India a cashless society. !!!!!!!
Sorry news for you, I am just returning from India, and Cash rules in every circle.
A friend just sold his real estate and the buyer paid Rs 75 lacks in Cash.
During the searches, conducted over two days, disproportionate assets were recovered from the traders. Moreover, the I-T department also unearthed evidence of the traders offering cash loans with interest rates of up to 3% per month.
http://timesofindia.indiatimes.com/...tive&utm_campaign=CTN&utm_ctn=16578735-297447
I thought that demonetization will make India a cashless society. !!!!!!!
Sorry news for you, I am just returning from India, and Cash rules in every circle.
A friend just sold his real estate and the buyer paid Rs 75 lacks in Cash.
