Key Facts
2026-02-05 - According to The Arunachal Times, the Indian Income Tax Department conducted simultaneous raids on February 5, 2026, at multiple business premises of businessman Ratan Sharma in Arunachal Pradesh and Assam. Raid locations included Kharsang in Changlang district and Tippi in West Kameng district. In Tippi, tax officials arrived at the ferroalloy plant Platinum Alloys Private Limited at approximately 8:30 a.m. and began searches, with assistance from central police forces.
Impact Observation
M/s Kharsang Industry LLP, located in Kharsang, is a coal-based coke production unit in which the Arunachal Pradesh Mineral Development and Trading Company Limited (APMDTCL) holds a 10% stake. In addition, premises of Coal Pulz Pvt Ltd's Navin Singhal were searched; the company is a joint venture between Naveen Singhal and Ratan Sharma and had won a bid for the Namchik-Nampuk coal project. As of reporting time, searches were still ongoing.