Harish Jagtani, a prominent name in the business world, recently made headlines for surrendering black money to income tax officials after being raided along with the Jugal Derewala group. This act of transparency has brought much-needed attention to the issue of black money and the importance of ethical business practices.
As per Firstindia.co.in an online newsportal cited The Income Tax Department’s action has been completed at various locations of two builders in Jaipur. Out of this, according to highly placed sources, Harish Jagtani has accepted Rs 15 crore and Jugal Derewala group has accepted Rs 65 crore as black money and surrendered the same to the IT Department. Action is still going on at locations of the remaining three builders.
Harish Jagtani, Chairman of SSB Group, who has been working in the real estate sector for the last many years, issued a press note saying that he is a true patriot and is doing business following the laws and regulations of India. The group claimed that rumours doing rounds of his arrest and IT Department finding undisclosed income from the group are absolutely baseless. It claimed that it is not working with any other builder group. It announced that the group has been working in Congo for many years where it is engaged in medical work along with several other fields. During the recent IT investigation, Jagtani has fully cooperated and claimed that he will fully cooperate with the government agencies in future also.