“IT Red Flags Ashok Mittal as ‘Flight Risk’ Amid Claims of ₹450 Crore Hidden Overseas Assets, Alleged Links to 2003 Hotel Investment Scandal”
New Delhi The Income Tax (IT) probing businessman Ashok Mittal has made a sensational disclosure in the Delhi High Court, alleging he owns foreign undisclosed wealth to the tune of Rs 450 crores, and also that in partnership with NandKishore Chaturvedi, a wanted hawala dealer, invested Rs 50 crores of black money in the hotel Royal Plaza in 2003. He is flight risk and could become a fugitive like his business partner, NandKishore Chaturvedi, a notorious hawala dealer, IT claimed, opposing quashing of his LOC (Look Out Circular).
In an affidavit submitted to the high court on December 5, 2023, the IT department provided 28-page details of Ashok Mittal's undisclosed foreign assets while contesting his plea to quash his LOC (Look Out Circular). The department had opened an LOC against him on...








