The IT Department searches at Sonu Sood’s residence and office have revealed that the actor used illegal means to evade taxes of over 20 crore rupees.
“The total amount of tax evaded unearthed so far, amounts to more than Rs. 20 crore”, IT Department said in a statement.
The investigation also revealed that Sonu Sood’s charity foundation has collected funds to the tune of 2.1 crore rupees from foreign sources in violation of the FCRA regulations.
The FCRA registrations are a must to collect funds from foreign sources.
Sood also entered into partnership with a Lucknow-based real estate company which was used to divert funds and evade taxes.
“The main modus operandi followed by the actor had been to route his unaccounted income in the form of bogus unsecured loans from many bogus entities. Investigations so far have revealed use of twenty such entries, the providers of which, on examination, have accepted on oath to have given bogus accommodation entries”, the IP Department said.
The search started on September 15 at over 28 premises spread over Mumbai, Lucknow, Kanpur, Jaipur, Delhi and Gurgaon.
“The simultaneous search operations carried out at various premises of an infrastructure group in Lucknow in which the said actor has entered into a joint venture real estate project and invested substantial funds, have resulted in unearthing of incriminating evidences pertaining to tax evasion and irregularities in the books of account” the IT Department’s statement read.
Cash of 1.8 crore rupees was seized by the IT Department during the searches and 11 lockers have been placed under prohibitory order.
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