Medicines Supplier Surrenders RS 200 crore black money

New Delhi Nov 10: The Income Tax Department has unearthed Rs 200 crore black money after they have searched the premises of One of the suppliers of medicines to Central Government Health Scheme (CGHS) hospitals.

Income tax officer has said that "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."

Sources said that the medicines supplier was also constructing a large mall in the national capital, apart from funding a few other large business projects.

IT officers added that " the tax department is in the process of opening his bank lockers and examining his financial documents to ascertain the exact amount of tax he evaded."

The CGHS hospitals are run by the Ministry of Health and Family Welfare and they provide cheap medical care to central government employees, pensioners and all the four pillars of democratic set up in India namely Legislature, Judiciary, Executive and the Press.