Bulk seizures of new currency continue to rose on Saturday with four more incidents being reported including one in which the Income Tax (I-T) department recovered Rs 5.7 crore cash in new notes secretly stashed inside the bathroom+ tiles of a hawala dealer in Chitradurga district in Karnataka.
In a startling catch, the Income Tax department today seized Rs. 5.7 crore cash in new notes, 32 kgs of gold biscuits and jewellery and Rs. 90 lakh worth old notes stashed inside the bathroom tiles of a hawala dealer in Challakere in Karnataka.
Rs 24 crore in Rs 2000 denomination notes seized from a van in Vellore
Rs 5.7 crore cash in new notes seized from bathroom of a hawala dealer in K’taka
Rs 65 lakh of new currency recovered from Senior Superintendent of Post Offices, Hyderabad
Rs 71 lakh in new Rs 2,000
The department seized the alleged undisclosed assets, as part of its raids against black money hoarders post demonetisation, from the residence of the hawala operator. The identity of the accused has not been
A fresh seizure of Rs 24 crore cash in new notes+ was also made by the I-T department, adding to the biggest haul of cash and gold post- demonetisation+ , in which over Rs 142 crore unaccounted assets have been recovered in tax operations so far in Chennai.
In another incident, CBI recovered Rs 65 lakh of new currency in 2000 denomination from the Senior Superintendent of Post Offices, Hyderabad in connection with its probe in the note exchange racket.
Another seizure of Rs 82 lakh, including Rs 71 lakh in new Rs 2,000 currency, was made at Kothur near Hyderabad.
The cash was seized during vehicle checking at Kothur on Friday, the cops said.
Two persons, allegedly involved in exchange of money on a commission basis, were also nabbed by the police.
Officials while giving details of the incident in Karnataka said the I-T department seized the alleged undisclosed assets, as part of its raids against black money hoarders post-demonetisation, from the residence of the said hawala operator who is yet to be identified.