New Delhi:
After establishing itself as a major player in the tobacco industry, Bansidhar came under the scrutiny of income tax authorities who are working round the clock to unravel the company's web of deception. The agency today raided the home and office of the company's director KK Mishra.
Banshidhar Tobacco Private Limited is a major player in the tobacco industry and is known for supplying products to leading pan masala groups. According to the report, the company's declared income is said to be between Rs 20 million and Rs 250 million, while the actual turnover has been pegged at Rs 100 million to Rs 150 million. . Investigations so far have uncovered evidence of secret dealings and a lavish lifestyle.
In today's raid, authorities seized several expensive watches belonging to tobacco company scion Shivam Mishra. One of the diamond-encrusted watches is worth nearly Rs 2.5 billion, officials said.
Rs 7 billion in cash was also seized, along with jewelery and other assets, increasing scrutiny of the group's financial situation.
The authorities have already seized a collection of luxury cars, all with number plates '4018', from Shivam Mishra's home in Delhi's Vasant Vihar.
A team of 15 to 20 carried out raids across five states, figuratively shaking down every tobacco leaf associated with Bansidhar Tobacco Company and uncovering a treasure trove of luxury cars worth a staggering Rs 500 crore. discovered. Among them is a Rolls-Royce Phantom valued at Rs 16 million, which was found at Shivam Mishra's home in Delhi's Vasant Vihar.
The raid, carried out with military precision, revealed an empire built on deceit and financial manipulation. The sources said there was a wide discrepancy between the company's declared income and actual sales, and officials believe it used offshore accounts and falsified ledgers to hide funds.
K K Mishra, once an untouchable tribal chief, now finds himself caught in a web of his own making. Bansidhar Tobacco Limited, once an impregnable fortress, is now exposed, its foundations cracked and its secrets exposed.
