Guwahati: A marathon 70-hour-long Income Tax (IT) raid at the residence and business establishments of Dhubri-based businessman Nupur Saha, the owner of MPJ Jewellers, concluded on Saturday morning.
The extensive operation was carried out simultaneously across multiple locations linked to Saha.
Officials are currently examining seized documents, cash, and digital records to trace the flow of unaccounted money and possible links to wider networks.
Once a medical representative from Tamarhat in Dhubri, Saha is alleged to have amassed a multi-crore empire in less than a decade. The Income Tax raid, spanning multiple towns and business establishments, reportedly revealed extensive financial irregularities.
Officials sealed the Rangali Residency premises and questioned several employees during the operation.
The raids are linked to allegations of siphoning off crores of rupees through contracts under the Assam government’s Social Welfare Department and Jal Jeevan Mission. The misappropriated funds were reportedly used to set up jewellery showrooms in Assam’s Dhubri and Barpeta districts.
According to preliminary findings, Saha is accused of siphoning nearly Rs 140 crore meant for Scheduled Caste welfare schemes. Investigators are also examining his alleged role in corrupt dealings within the Social Welfare Department and land transactions across Assam.
A property purchased in 2018 in Dhubri, which was later converted into a showroom, is now under the scanner.
Public scrutiny grew sharper after it emerged that Saha lives in a lavish, multi-crore mansion in Guwahati. Allegations have also surfaced that certain sensitive documents were removed from MPJ Jewellers’ Dhubri office just days before the raids, potentially complicating the ongoing investigation.
Another grave allegation links Saha to gold smuggling operations across the Bangladesh border. Sources allege that a portion of his unaccounted wealth is stashed with local associates in Dhubri, raising further concerns about the extent of his financial network.
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Earlier, the Enforcement Directorate (ED) had conducted raids on his firms in Guwahati, casting serious doubts on his financial dealings. The ongoing Income Tax investigation is expected to continue as officials examine records, assets, and accounts in detail.
