The search operations continue against suspected black money holders at various locations across the country. In the latest seizers, the Income Tax department recovered 5.7 crore rupees cash in new notes in Karnataka, while in Chennai Income Tax department seized 24 crore rupees, taking the total seizure in two-days to 166 crore rupees.
Raids by law enforcement agencies continue to unfold saga of corruption and black money in various parts of the country.
After south India, now its turn of unscrupulous people in Delhi to face the heat. A joint operation of crime branch of Delhi Police and Income tax department saw sleuths swoop upon the office of a law firm in southeast Delhi’s Greater Kailash-I.
So far Rs 13.56 crore in cash has been recovered. Rs 2.6 crore of the amounts is in new banknotes released after demonetisation.
The raid carried out at the office of T&T Law Firm has sent IT sleuths into extended action mode. The department is now searching the entire premises.
Two weeks ago, the I-T department had seized unaccounted money worth Rs 19 crore from bank accounts of the firm promoter, Rohit Tandon.
The total value of his unaccounted income that has been found so far exceeds Rs 160 crore. Police said more raids would be conducted in connection with this case.
Meanwhile, Income tax officials and state police forces continued their search operations all across the nation.
In a series of seizures, the Income Tax department zeroed in on 5.7 crore rupees cash in new notes.
Besides 32 kgs of Bullion (gold biscuits) and old notes worth 90 lakh rupees stashed inside bathroom tiles of a Hawala operator in Challakere town in Karnataka.
The department officials laid their hands on the stash on the basis of searches that began against casino and bullion traders in Hubballi and Chitradurga districts on Friday.
In another development on Saturday, the Income Tax department seized 24 crore rupees cash in new notes in Chennai.
This comes on the back of the biggest haul of cash and gold post demonetisation in the city, in which over Rs 142 crore unaccounted assets were recovered on Friday. The total value of the seizure in Chennai has now risen to 166 crore rupees.
In Hyderabad, CBI busted a note exchange racket by recovering 65 lakh rupees of new 2000 denomination notes from the Senior Superintendent of Post Offices.
In Punjab, fake currency with face value of 4.15 lakh rupees was seized in Sangrur.
In Uttar Pradesh, Enforcement Directorate reportedly found huge amount of cash in a raid at SP MLC Santosh Yadav’s house.
Police and tax authorities are working on a war-footing to detect instances of corruption, money laundering and hawala transactions and bring tax evaders to justice in the wake of the demonetisation decision announced by Prime Minister Narendra Modi on November 8.
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