Court insists attaching it to 900 accounts in Buldana Coop case

In the Income Tax Department case, worthwhile value was found in the case of suspected violations in Burdana City Cooperation Credit Society Ltd., the court was the smuggler and Forex Manipulator (No Property) Act (Safema) (Safema) (Safema) recently maintained an attachment to approximately 900 suspicious bank accounts.The accounts were attached under the Benami Property Transaction Act (PBPTA) during the investigation and were confirmed by the adjudication authority (AA).
The department's search action allegedly revealed suspicious deposits in many of the cooperative's accounts. More than Rs 52 crore funds were found to be related to the PWD contract.
The association was under the domination of IT scanners in a loan investigation at a NANDED-based sugar factory linked to former Chief Minister Ashok Chavan. He denied the allegations and said he was following all banking norms. Former Congress leader Chavan joined the BJP in 2024.

The survey found that 900 accounts were opened; these 718 were newly opened non-tablet accounts, 53 old inactive accounts, and 118 non-pan accounts in another branch. The deposits in these accounts follow the suspicious pattern that constitutes to keep individual transactions below Rs 2 lakh.

In September 2021, the ministry conducted a search and investigation operation with builders Prashant Nilawar and Jayant Hiralal Shah, who allegedly served as intermediaries/connectors at the Public Works Department (PWD) in Maharashtra. Both of them conduct real estate and construction operations under the names of M/S Rucha Group and M/S Jairaj Group. “In searches, the way of cash operations from HAM Works, transfers and releases of PWD officials/engineers. A Benami cash transaction of Rs 5.219 crore was found in the cooperative,” it satisfies with the cooperative. “The document/summary table was found in the iPhone photo gallery found under the custody of Ca Shri Nilesh Toshniwal. ”