A luxury fleet of cars including Lamborghinis, Ferraris, Rolls-Royce, and more were seized from the Kanpur-based Banshidhar Tobacco Company owned by KK Mishra. The Income Tax division seized nearly ₹7 crore in cash earlier this week in a tax evasion case worth more than ₹100 crore.
The Banshidhar Tobacco Company and its affiliate firms were raided across different cities including Kanpur, Delhi, and Jhansi. An additional 15-20 teams conducted similar searches on the premises of people linked to the company in five states including Gujarat, Andhra Pradesh, and Delhi.
The company had a fleet of luxury cars parked in the owner’s mansion including the Lamborghini Urus, Rolls-Royce Phantom, Mercedes-Benz S-Class, Mercedes-Benz GLS, Ferrari 812 GTS, a McLaren, and more. The raid also unearthed a BMW S 1000 RR superbike from the premises. The overall value of the vehicles is estimated to be valued at ₹60 crore.
Authorities are investigating whether these vehicles were purchased through anonymous channels or omitted from the company’s financial records. The Income Tax department is working on uncovering any possible irregularities in the company’s financial transactions related to the purchase of these luxury vehicles.
The seized luxury cars reportedly belong to Kanpur-based Banshidhar Tobacco Company owned by KK Mishra, indicating a possible link between the company’s financial dealings and the acquisition of high-end vehicles. The investigation is ongoing to determine the source of funds used to purchase these luxury assets and whether any financial discrepancies were involved in the process.
