Income Tax Raid in Navratna PSU – NBCC

New Delhi, 24th February 2020: For the very first time in the history of India, a Public Sector Undertaking (PSU) has been raided by the Income Tax Department of India. This is an extremely shocking news for the Corporate and Financial sectors of the nation, that a PSU like National Buildings Construction Corporation (NBCC), that too of a Navratna status has been raided by the Income Tax Department.

According to sources, this raid by the Income Tax Department had been carried out to a long stretch of 6 to 7 hours, during which all the senior as well as junior officers of NBCC, specially those who are deputed in the finance department were searched thoroughly. Our close sources had also revealed that even the mobile phones and message-threads of the Senior Officers from various departments of NBCC were searched and seen by the Income Tax Department.

North South Block is looking deeply into this matter of concern and it is likely that in the coming days, more revelations regarding this matter of Tax Fraud would come into light.

The area of concern is that it’s for the first time in the history of India, that a PSU of Navratna Status has been raided. Over the past few years, we have been hearing some real great news from NBCC and now all of a sudden this downfall of the PSU had taken place, which is something really alarming for the whole nation. NBCC is a big name when it comes to construction of major projects in India and even abroad and now when Income Tax Department of India had raided NBCC then there’s a high probability that this might be a case of big Tax Fraud.

The even sadder part is that, in between these news of Income Tax Raid in NBCC Headquarters in New Delhi, the current CMD of NBCC, Mr. P. K. Gupta was busy attending and sponsoring a Vintage Car Rally Event.

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