Income Tax officials of Madhya Pradesh and Rajasthan in a joint operation carried out raids against a major company of the State Shiva Construction in Gwalior, Bhopal and other places where offices of the company are located on Wednesday.
The Company is owned by Bharatiya Janata Party (BJP) leader KP Bhadoriya whose name off and then was raised in the illegal mining. The I-T raids were carried out simultaneously in other States where the company offices are located. During the raids property documents worth crore of rupees were found by the I-T sleuths. It is expected that tax evasion to the tune of crores could be unearthed from the documents seized during the raids.
Sources informed that Bhadoriya using his clout in the Government occupied several mining contracts. About two dozen I-T officials who reached here from Jaipur along with the local officials of the department started raids at 6 am from Balwant Naga, Gwalior located residence of Bhadoriya and started inspecting his offices and residence.
I-T sleuths are hopeful to unearth tax theft, illegal sand mining and benami property details from the documents seized during the raids. Sources from the I-T department informed that they were getting information since long about the tax theft by this firm and due to that the department was keeping an eye on the firm from long period.
Bhadoriya is considered as the biggest sand dealer of the Gwalior - Chambal region. He is a former Mandi deputy chairman of Mehgaon Mandi and Janpad. He had earlier contested assembly election on the ticket of Samajwadi Party. He has sand contracts in Bhind and Datia districts of the state.
Sources said that the notorious liquor contractor of the neighbouring State Uttar Pradesh Ponti Chadda who was murdered some time back is also partner in Shiva Corporation.