Tax evasion of over Rs 1,350 cr: I-T raids power firms of Kamal Nath's kin

The action was taken on April 7 at multiple locations of MB Power, Hindustan Power Projects (HPP), Hindustan Cleanenergy, and Swift Powertech at Delhi-National Capital Region, Bhopal, Indore, and Goa

 The income-tax (I-T) department has conducted search-and-seizure operations at the companies of Madhya Pradesh Chief Minister Kamal Nath’s relatives. The tax authority has detected large-scale tax evasion of more than Rs 1,350 crore and seized unaccounted assets worth Rs 3 crore.

The action was taken on April 7 at multiple locations of MB Power (Madhya Pradesh), Hindustan Power Projects (HPP), Hindustan Cleanenergy, and Swift Powertech at Delhi-National Capital Region, Bhopal, Indore, and Goa, said an I-T source privy to the development.

During the search operation, tax sleuths also found evidence of over-invoicing of imports and round-tripping of Rs