Politics news

Mumbai: I-T probes alleged shell companies in Gadkari-promoted Purti

CNN-IBN | Updated Oct 30, 2012 at 05:40pm IST

New Delhi: The Income Tax department on Tuesday conducted inquiries at 12 places in Mumbai where firms, which had invested in BJP president Nitin Gadkari's company, had given their addresses.

I-T authorities also began probe into shell companies in Purti group, owned by Gadkari. They will investigate the source of funds for investment made.

Gadkari is under attack over dubious funding of Purti Power and Sugar Ltd controlled by him with media reports alleging that major investments and large loans to it were made by a construction firm Ideal Road Builders (IRB) group, which had won contracts between 1995 and 1999, when he was PWD minister in Maharashtra.

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