MV Bhanumathi, Head of Mumbai Branch of Income Tax Survey, retires
MV Bhanumathi, Consignment Indian Revenue Service Officer in 1987, has served in various Income Tax Commissions across India and has investigated high profile cases during her career.
MV Bhanumathi retired today after 35 years of service
One of the country’s most feared income tax officers known for his no-nonsense attitude and some of the major actions against political leaders and businessmen, MV Bhanumathi, retired today after 35 years of service. She was the Managing Director of Income Tax Investigations in Mumbai and her tenure in the leadership saw major actions across the state.
MV Bhanumathi, Consignment Indian Revenue Service Officer in 1987, has served in various Income Tax Commissions across India and has investigated high profile cases during her career. On Tuesday, several officers gathered at Scindia House – the DGIT office in Mumbai, to bid farewell to the officer.
Some of the cases during his tenure were search operations which led to seizures of properties worth hundreds of crores in raids on relatives and close associates of Maharashtra Deputy Chief Minister Ajit Pawar.
Under the Benami Property Prohibition Act, a case has been brought against former Chief Secretary and Advisor to the Chief Minister of Maharashtra, Ajoy Mehta, who had purchased a flat at Nariman Point in the south of Mumbai. The property was eventually attached.
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Detailed research has been done on actors Taapsee Pannu and director Anurag Kashyap by the department.
Several properties of Shiv Sena leader Yeshwant Jadhav were attached. Investigations revealed foreign hawala dealings, as a result of which Jadhav was summoned under FEMA by the Enforcement Branch.
Close aides to Maharashtra minister Anil Parab were also searched in Mumbai and elsewhere.
Last year, during Bhanumathi’s tenure, a major union involved in fixing and awarding contracts was dismantled. The involvement of ministers, intermediaries and businessmen has been noted.
It was discovered that the intermediaries had booked a suite at a posh hotel in South Mumbai and were running their operations from there. Suspicious and unaccounted transactions of more than Rs 1,050 crore were detected during the investigation.
Apart from political leaders, some large business entities have also come under investigation during his tenure.