Published On : Thu, Feb 12th, 2015

IT raid on textile businessman

Has marble business in Rajasthan

Nagpur: The Income Tax Department raided a Textile Businessman from Nagpur city. The officials of the Income Tax Department raided the Enterprise, Manufacturing Company, Offices and Residences simultaneously. Till the time of filing the story, the IT Squad were investigating and perusing all the documents of the Business and the companies.

file-pic

Sources alleged that the Textile business has its manufacturing unit in Kalmeshwar. If sources are to be believed then apart from Nagpur and Vidarbha, the business is spread in Rajasthan too.

Sources claimed that Director of the Bagirath Textile company is identified as Ramesh Randhad. The office of the Bagirath Textile is situated near Gandhi Bagh Bus Stop. A Cloth manufacturing Company in the same name (Bagirath Textiles) exists in Kalmeshwar.

Apart from this Ramesh Randhad has a Marbles Stone business in Rajasthan. Sources claimed that at around 7 am, the sleuths in different squads of Income Tax Department raided Ramesh Randhad’s Company Offices, Enterprises, Residence simultaneously.

Ramesh Randhad has a good reputation in the Textile world. Sources alleged that he has acquired or purchased many plots or lands in the city. The Income Tax Raid on Ramesh Randhad has created ripples in the Textile world.

In Gandhibagh area, Bagirath Textiles Company has a unique identity. Sources claimed that after establishing his supremacy in the Textile world in this part of the country, he has ventured into the Marble stone business.

The Income Tax Department has many incriminating documents and files from these places. The Income Tax officials are said to be minutely studying and perusing the documents.

Posh bungalow under construction at Byramji Town

A posh bungalow of Ramesh Randhad is said to be under construction at Byramji Town. Sources said that the Income Tax Department has noticed that heavy expenses have been incurred in the construction of the bungalow.