The Income Tax department has come out with its preliminary investigation report probing into the assets of BJP president Nitin Gadkari's Purti group, CNN IBN reported, and the findings will not provide any comfort to the beleaguered political leader.
The I-T department has found that most of the addresses of the investors in Gadkari's firm and the books of accounts are fake.
No credible accounts were found, neither were the 12 directors that were earlier named traced, CNN IBN reported.
Most of the companies owned by Gadkari's Purti group started out with very little capital and much of the unaccounted money was traced to have come from Nagpur and Kolkata.
Further investigations are on in Kolkata and Nagpur by I-T field officers.
The final report by I-T officers will be submitted to the Central Board of Direct Taxes.
Earlier today, RSS chief S Gurumurthy had given a clean chit to Gadkari on Twitter.
Nitin Gadkari came under the scanner over funding for the Purti group following allegations made by India Against Corruption activist turned politician Arvind Kejriwal.