Bhushan Kumar

Late Saturday evening, Bhushan Kumar, the Chairman and MD of Super Cassettes Industries Private Limited (T-Series), was interrogated at his office in Delhi-NCR by senior income tax officials for allegedly evading huge tax. The 41-year old was also questioned for allegedly siphoning off hundreds of crores to foreign countries to purchase properties in the names of his employees.

The I-T searches, that began on Thursday, were conducted at 30 premises of the company in Delhi, Mumbai, Faridabad and Noida. The officials have sealed 25 bank lockers to recover details of various foreign bank accounts and assets allegedly acquired by Bhushan Kumar in the names of his employees, a source told the Times of India.

Sources also claimed they have traced substantial investments for acquisition of properties in the US and Dubai. Papers of several benami properties in India have also been recovered.

Bhushan Kumar’s interrogation in the case began on Saturday soon after some of his top employees were questioned about their involvement in benami transactions since a number of properties in India and overseas have been found to be invested in their names.

“Employees have recorded statement with the I-T officials stating they had nothing to do with these properties and those were investments made by Kumar,” a source has been quoted in the TOI report as saying. (#MeToo: Divya Khosla Kumar backs husband Bhushan Kumar, says people even stood up against Lord Krishna)

A senior officer said that more details on the extent of tax evasion on part of Bhushan Kumar will emerge.