I-T recovers Rs 7 cr in JBM Group raid

It has 35 manufacturing plants and four engineering and design centres across 18 locations globally

About Rs 7 crore cash and three kilograms of gold concealed under a bed and in a bathroom have allegedly been seized by the Income Tax Department in raids against a Gurgaon-based auto parts manufacturing firm and its owner, officials said.

The department conducted raids at about 30 locations in Delhi, Gurgaon and a few other cities in north India as part of its operation to check tax evasion, the officials said.

They said the premises of the firm — Jai Bharat Maruti Group — and its chairman S K Arya were raided and tax sleuths recovered Rs 7 crore cash and