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JKJ jewelers & Joshi group raid: Rs 45 cr gold, Rs 3.25 cr cash seized
Jaipur: JKJ Jewelers and Joshi Group have unveiled a web of undisclosed turnover, hidden cash, and questionable transactions. With raids spanning multiple locations in Jaipur, Delhi, and Kolkata, officials have already detected an undisclosed turnover of Rs 425 crore, primarily from JKJ Jewelers and Joshi Group. Cash worth Rs 3.25 crore, jewelry valued at Rs 45 crore, and significant investments were found in locked lockers, along with discrepancies in accounting, including unrecorded sales of Rs 400 crore and missing gold stock. IT Dept seized cash worth Rs 1.10 cr & 114 grams of gold.
