CGHS medicine supplier “surrenders” Rs 200 cr black money

NEW DELHI: One of the biggest suppliers of medicines to Central Government Health Scheme (CGHS) hospitals “surrendered” Rs 200 crore he allegedly held in black money after the Income Tax Department recently raided his premises, official sources said today.

They said the Delhi-based businessman’s premises were searched by the I-T sleuths a few days back on suspicion of “huge” tax evasion by him and his business enterprises.

“The man, who is one of the largest suppliers of medicines to the CGHS, has surrendered Rs 200 crore as black money. Tax evasion investigations against him are still ongoing,” a senior I-T officer said. (AGENCIES)