New Delhi: On December 26 last year, at the height of the demonetisation chaos, the Income Tax department's investigative wing raided a house in a quiet suburb in North Delhi.
The name of the Indian national was Satya Prakash Gupta.
His name first surfaced in the Panama Papers. After further investigation, the I-T department raided a dozen locations in and around Delhi. CNN-News18 is in possession of documentary evidence showing that Fedrigoni SPA appointed Gupta as its agent in India.
Interestingly, the Italian company also gave an undertaking to the government press agreeing not to appoint any agent for the supply of currency Paper.
Gupta has denied the allegations. Responding to a detailed questionnaire sent by CNN-News18, Gupta says he is not involved in the scam.
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