The Indian National Congress has received a show-cause notice from the Income Tax department over allegations of receiving black money to the tune of Rs 175 crores from a Hyderabad-based company. Reportedly, senior Congress office bearers who were summoned by the I-T Department on November 4 did not show up.
#BREAKING – Indian National Congress gets a show-cause notice from the Income Tax department over unaccounted funds.
Hyderabad firm channeled funds into Congress’ account: I-T dept.@Ashish_Mehrishi with more details pic.twitter.com/wIRxvWoDho
— News18 (@CNNnews18) December 3, 2019
As per reports, the show cause notice was served on Monday after Congress failed to submit some documents related to flow of unaccounted funds from Hyderabad-based infrastructure company.
Reportedly, during the recent raids, the Income Tax Department has found that the Hyderabad-based infrastructure company has sent about Rs 175 crore to Congress through hawala transaction. These funds were reportedly siphoned out through government projects through bogus billings.
Hyderabad-based company Megha Infrastructure Ltd reportedly sent black money donations to Congress. Congress is yet to respond to these allegations.