IT officials raid at 19 locations of Kanpur-based SNK Pan Masala maker, unearth Rs 100 crore fraud

The Kanpur-based tobacco manufacturer illegally routed the funds to its real business via 115 shell companies. 

New Delhi: Income Tax officials have 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 (July 28), raided more than 19 locations related to SNK Pan Masala manufacturers in Kanpur, Noida, Ghaziabad, Delhi and Kolkata.   The Kanpur-based tobacco manufacturer allegedly routed the funds illegally to its real business via 115 shell companies. 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. The residence of the manufacturers in Swaroop Nagar, Kanpur, and business setups located on Express Road were also raided by the IT Department.