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Nation Current Affairs 01 Dec 2016 IT raids in Bengalur ...

IT raids in Bengaluru: Rs 4 crore in new currency seized, Lamborghini found

DECCAN CHRONICLE WITH AGENCY INPUTS
Published Dec 1, 2016, 8:04 pm IST
Updated Dec 1, 2016, 8:24 pm IST
Officials said the searches were launched on the premises of an engineer and a contractor.
Cash found during Income Tax raids (Photo: ANI Twitter)
 Cash found during Income Tax raids (Photo: ANI Twitter)

Bengaluru: In one of the biggest seizures of new currency, the Income Tax department on Thursday confiscated over Rs 4 crore in searches against at least two individuals in Bengaluru.

Officials said the searches were launched on the premises of an engineer and a contractor.

 

The sleuths of the department seized over Rs 4 crore in new currency, mostly in denomination of Rs 2000, some notes of Rs 100, demonetized notes of Rs 500 and a few gold biscuits, the officials said.

"Huge stacks of Rs 2000 notes have been recovered. The cash amounts to over Rs 4 crore. The counting of the seized currency is still on.

"This is one the highest seizures of the new currency. Some entry operators and bankers are under the scanner," a senior I-T department official said.

In addition to the cash, the department had also found five kilograms of jewellery and also a Lamborghini car.

 

They said the department has also found a number of identity cards of various individuals from the searched premises which could have been used to illegally change the old currency with new ones.

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Location: India, Karnataka, Bengaluru




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