I-T Department detects Rs 1,050 crore transactions in connection to cash for transfer scam in Maharashtra

The Income Tax Department, which carried out searches in connection to the cash for transfer scam, detected transactions to the tune of Rs 1050 crore.

The Income Tax Department, which carried out searches on a big syndicate involving certain businessmen and middlemen of Maharashtra and some persons holding public offices, detected transactions to the tune of Rs 1050 crore in connection to the alleged cash for transfer scam.

The I-T department said the funds in question involved the cash paid by bureaucrats for getting key postings under a certain Ministry and cash paid by the contractors for getting payments released. The major amount of cash collected had been distributed to various persons, including someone who is mentioned under a code name, the agency said.