Sanjay Bhandari (Businessman)

Some Lesser Known Facts About Sanjay Bhandari

• Sanjay Bhandari worked in the finance sector after completing his formal education.

• He started a chit fund company named Sanjay Madanlal Bhandari Chitfund Private Limited in 2010 but later shut it down.

• He later opened different companies in the field of agriculture and infrastructure.

• He also gave personal and gold loans to the public through his companies named Bhandari Finance Limited and Gold Loan Limited.

• He made headlines in 2024 when the Income Tax department raided his offices and home in Nanded, Maharashtra.

• More than 80 I-T officials from Chhatrapati Sambhajinagar and Nashik raided his properties on 10 May 2024 which continued till 14 May 2024.

• An official said that they raided Bhandari’s properties to check tax evasion. Reportedly, Rs 170 crore of unaccounted assets and transactions, including Rs 14 crore cash and 8 kgs of gold were recovered during the raid.

  

• There were rumours that Bhandari was also doing hawala transactions. According to reports, he also purchased a property worth crores at the price of Rs 25 thousand per square feet.