Income Tax Department has initiated a probe into the issuance of cheques by companies which are acting as entry operators to convert illegal cahs into illegitimate money, after the issue of four companies providing Rs.2 crore to Aam Aadmi Party during the Delhi elections.
Income Tax Department said the recent Kolkata probe led to detection of substantial unaccounted income. In these cases, the unaccounted income was sought to be converted into legitimate money with the help of non-genuine companies which were acting as entry operators.
Similarly the department said it has initiated an enquiry in Delhi into the issuance of cheques by companies which were alleged to be non-genuine and entry operators. The companies and their Directors could not be traced at the addresses given to Banks and Ministry of Corporate Affairs, as it is in the case of AAP.
AAP, however, said it has accepted cheques as they are legitimately given with all prerequisites and welcomed probe into such cases of funding to all political parties. Examination of the accounts of these companies revealed that they have issued accommodation entries to several persons and entities for substantial amounts, said the department in a statement.
It was also found that sources for such entries were prima facie not genuine. To carry forward the investigation process, notices were issued to about 50 persons and entities including two political parties on 9th February, 2015, said the department.
These notices seek information about the identity of the contributors and other relevant details which are necessary to complete the process of investigation.