Income Tax officials raid locations of Kanpur-based pan masala company. The officials exposed a tax fraud that runs to the tunes of more than Rs 100 crore. The fraud was unearthed when a team of IT officials, on Wednesday, raided more than 19 locations related to SNK Pan Masala manufacturers.

The company was set up in Kanpur, Noida, Ghaziabad, Delhi, and Kolkata where the IT team raid. The Kanpur-based tobacco manufacturer allegedly routed the funds illegally to its real business. The crime was conducted via 115 shell companies. While A.J. Sungadhi Private Limited is the manufacturer of the SNK Pan Masala which is a popular pan masala brand in Uttar Pradesh. The raids were conducted at several locations including offices and homes of several employees. Additionally, the residence of the manufacturers in Swaroop Nagar, Kanpur, and business setups located on Express Road were also raided by the IT Department. 

The income tax department on the first day of the raid found a tax fraud worth Rs 100 crore. While assessed unaccounted cash of around Rs 400 crore was also discovered. The pan masala company was allegedly routing the black money from its pan masala business to its real estate unit. 

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