IT raids on 40 locations of ACE Group Chairman Ajay Chaudhary, action on Shoe Exporters of Agra
Income tax (IT) raids have been conducted again at the locations of Ajay Chaudhary, CMD of ACE Group, a real estate close to Akhilesh Yadav in Noida. The IT team reached the corporate office of ACE Group in Sector 126, Noida, at around 7:30 am on Tuesday.
Income tax (IT) raids have been conducted again at the locations of Ajay Chaudhary, CMD of ACE Group, a real estate close to Akhilesh Yadav in Noida. The IT team reached the corporate office of ACE Group in Sector 126, Noida, at around 7:30 am on Tuesday. The news of Income Tax team's arrival is also coming in Chaudhary's Baghpat form. Group's MD Ajay Chaudhary has been associated with the Samajwadi Party for a long time.
Apart from Chaudhary, IT has also raided the residences of Agra-based shoe exporter Vijay Ahuja and Manu Alag. Manu is considered close to Akhilesh Yadav. A few months back, Akhilesh Yadav had also come to Manu's house after his mother's death. Apart from this, the IT team has also reached the residence of Agra-based exporter Mansi Chandra at Vijay Nagar.
Raids are going on at 40 locations of ACE Group including Delhi, Noida and Agra. Ajay Chaudhary is also known as Sanju Nagar. He is one of the big builders of NCR. ACE has three projects in Sector-150, which include luxury villas/apartments and residential units with a 9-hole golf course.
The 'Godrej Palm Retreat' in Sector-150, Noida is a joint project of this group with Godrej. In addition, the group has joined hands with ATS for 'ATS Destiny' and ABA Corp for 'County 107'. The group has also formed a joint venture with Bengaluru-based leading real estate developer Prestige Group. Partnership with Mumbai FC team ACE Group announced its partnership with Indian Super League (ISL) team Mumbai FC.
This group also has two projects in the Sports City, Sector 150, Noida. It was told that both these projects are commercial. Apart from this, there is a plot of about 20000 square meters in Sector 120, 121. 5 to 6 projects are in Greater Noida and West Greater Noida.