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News India Live, Digital Desk: A news of corruption has come out from Kanpur district of Uttar Pradesh which has shaken the foundation of governance. During the survey of Income Tax Department in Kanpur Registry Office. Rs 3500 crore There has been a big revelation of benami transactions and tax evasion. Investigation has revealed that a strong nexus of many renowned builders, sub-registrars and land mafias of the city was behind this huge amount.
How was this scam exposed?
The Income Tax Department team had started a confidential survey at the registry offices of Kanpur and the locations of the concerned builders. During the investigation, officials discovered documents and computer entries that did not match with government records.
Benami Property: In the purchase and sale of hundreds of acres of land, the names of the real buyers were hidden.
Circle Rate Game: Stamps worth crores were stolen by showing the land registry as much lower than the market rate (at circle rate or even below).
Cash Transactions: In land deals, transactions worth Rs 3500 crore were done in cash, of which there was no accounting.
Key Findings of IT Survey
| Description | effect/damage |
|---|---|
| Estimated amount of scam | ₹3,500 crore |
| main accused | Big builders, registry department officers and lawyers. |
| scope of investigation | All major registries done in the last 5 years. |
| loss of revenue | Stamp duty loss worth crores of rupees to Uttar Pradesh government. |
How did this ‘syndicate’ work?
Investigation has revealed that builders and registry office employees were jointly playing the game of converting ‘black money’ into white.
Fake Companies: Land was purchased in the name of many companies whose existence existed only on paper.
Back-dating: By falsifying some documents, registrations were done on old dates so that new rules and increased taxes could be avoided.
Collusion of officers: Sub-registrar level officials gave green signal to these suspicious deals without proper physical verification.
Yogi government’s tough stance
There has been a stir after the report of this scam reached Lucknow headquarters. The Chief Minister’s Office (CMO) has indicated strict action in this matter. Income Tax Department now PAN Cards And bank accounts Investigating the company through which this transaction took place. It is considered certain that many big officials will be punished in the coming days.
What will be the impact on the general public?
After this revelation, common buyers investing in many projects of Kanpur have lost their sleep. Registries of projects that come under scrutiny may be canceled or ‘stay’ may be imposed on them.
