He was once a bus conductor in the now defunct Madhya Pradesh Road Transport Corporation. But that was much before Vaswani made it big in MP BJP politics.

He now owns three hotels and several other posh properties in Bhopal.

The raid was simultaneously conducted at 12 different locations in Bhopal on Tuesday that includes his house in the Bairagarh township and the three hotels he owns in various parts of Bhopal.

Vaswani is also the founder director of the Mahanagar Nagrik Cooperative Bank that was inaugurated by a top BJP leader in 1992.

Apart from a senior BJP minister Uma Shankar Gupta, senior RSS leader Shashi Bhai Seth are also among the directors of this bank through which the disproportionate exchange of old and new currency notes has allegedly happened.

Vaswani also enjoyed a minister of state status in the BJP government when he was appointed the chairman of the MP Housing Corporation. He proudly displays his past status on the name plate of his house that was raided on Tuesday.

The Tuesday income tax raid started at around 6.30 am with 64 officers simultaneously searching 12 locations in different parts of the city.