Massive Tax Evasion Unearthed in Bhopal and Indore Raids; ₹250 Crore Fraud Exposed
The Income Tax Department’s ongoing raids in Bhopal and Indore have exposed a significant tax evasion scheme worth ₹250 crore. The investigation has uncovered tax evasion of ₹150 crore at Decent Medical in Indore and Science House Medical Private Limited (SHMPL) in Bhopal. Additionally, medical device supplier Rajesh Gupta has been found guilty of evading taxes worth ₹100 crore.
Raids are being carried out at more than 30 premises, including properties in Bhopal, Indore, and Mumbai. The largest tax evasion cases have been traced to the businesses of Jitendra Tiwari and Rajesh Gupta. Officials have seized large amounts of cash and bogus billing documents, with the investigation likely to conclude by tomorrow.
At Rajesh Gupta’s locations, the team uncovered fake billing records exceeding ₹100 crore. Officials seized ₹12 lakh in cash and a locker, which will be opened today. Evidence of Gupta’s foreign links, including investments in Uganda, and documents relating to suspected money laundering in real estate have also been recovered.
From Science House Medical and Decent Medicals, investigators discovered bogus bills totaling ₹150 crore. At SHMPL in Bhopal, ₹2 crore in cash has been seized. The Decent Medical premises in Indore’s MR-5 Colony remain under inspection, with another sealed locker due to be opened today.
Preliminary findings suggest that medical devices were being imported at lower prices from other states and countries via a routing system. These were then supplied at inflated rates, generating illicit profits. Officials say the racket relied heavily on bogus billing networks to mask the discrepancies.
The Income Tax Department’s operation is still ongoing at Science House in Bhopal. The department is committed to ensuring that all tax evaders are held accountable and that the financial integrity of the region is maintained. The ongoing raids are a testament to the department’s dedication to combating financial crimes and ensuring fair and transparent practices in the business community.
