Cash, lockers, foreign assets seized; probe reveals tax evasion worth crores

Srinagar: The Income Tax Department in Srinagar launched widespread raids across various parts of Jammu and Kashmir against the well-known Kashmiri business conglomerate, Khazir Group. The operation began in the early hours of October 1, 2025, and, according to credible sources, extended to multiple locations in Delhi and Mumbai. Officials from Srinagar have not responded to requests for confirmation regarding the raids. However, local sources report that numerous incriminating documents and digital evidence have been seized and are currently under analysis for potential violations of income tax and other financial laws. Initially, over 20 locations across Srinagar, Delhi, and Mumbai were targeted, with multiple

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