Income Tax department raids were conducted earlier this month at offices of the solar power group Hindustan Powerprojects at several locations in the National Capital Region, Bhopal, Indore and Goa by the Delhi unit of the Directorate General of Income-tax (Investigation) based on “credible information” of large scale collection, possession and movement of unaccounted assets. The Income Tax Department has detected alleged tax evasion of more than Rs 1,350 crore during search and seizure operations against Hindustan Powerprojects, a company owned by Nath’s nephew Ratul Puri. However, the CBDT statement did not name the group.

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