Massive Tax Fraud: Rs 600 Cr Bogus Bills Detected in Kalpataru Group!
Income Tax Raids Uncover Rs 600 Cr Bogus Bills in Kalpataru Group The Kalpataru Group, with premises in Mumbai, Gujarat, and Rajasthan, faced Income Tax department raids revealing tax evasion and Rs 600 Cr bogus bills.
Spanning August 4-11, the raids targeted top brass residences, company offices, and linked entities. The group’s political connections were also exposed, with suspicious transaction names. The IT department seized transaction documents and is investigating payment details.
The conglomerate is known for Mumbai projects, housing, commercial complexes, and ventures in power transmission, engineering, and logistics across India.