In the Bollywood film Raid, a senior tax officer, Amay Patnaik, investigates an influential man in Lucknow for money laundering. In a raid at his home, Patnaik finds gold and cash hidden inside walls, ceilings, and under the floor. A real-life incident similar to the movie unfolded this week in Rajasthan's Jaipur, where the Income Tax Department found a secret wall, hiding a strong room, filled with gold jewellery worth many crores.

According to a report by NDTV, the raid at Rajasthan's Kanha Group entered its third day on Friday. During the raid, the Income Tax Department recovered even more cash, gold and documents that suggest the company was allegedly hiding a lot of money to avoid paying taxes.

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Raid At Rajasthan's Kanha Group

According to the NDTV report, the Income Tax Department launched a large-scale crackdown against the Kanha Group on Wednesday, conducting raids at 33 locations across six cities. The searches began at 7 AM, with Jaipur seeing the largest number of raids as officials conducted raids at 26 locations in the city. Additional raids were conducted at two locations in Udaipur and one each in Sriganganagar, Kota, Karauli, Hindaun, and Mumbai.

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What Did Investigators Find During the Raid At Kanha Group?

The investigation has revealed that the tax evasion money, reportedly amounting to over Rs 100 crore, was invested in luxury hotels, prompting the Income Tax Department to raid two five-star hotels, Hotel Taj (Amer) and Kundan Van (Jaipur), to check their records.

During the first two days of the raids, the Income Tax Department recovered a large number of suspicious documents from the restaurant owner's residence and office. On the third day, officials found a secret wall, hiding a strong room, filled with gold jewellery worth many crores. The investigators have also found over 10 bank lockers belonging to the group. These lockers may contain even more gold and documents of properties worth crores of rupees, NDTV quoted sources as saying.

All About Kanha Group

The Kanha Group is a well-known Jaipur-based food and beverage company. It was founded in 2008 by Natwar Lal Sharda. The brand is known for its sweets, snacks and bakery products.

Amid the large-scale crackdown, business at the Kanha Restaurant continues to operate as usual without any interruptions. The Income Tax Department has instructed officials to ensure that customers do not face any inconvenience during the ongoing raid.