Close X
Thursday, November 28, 2024
ADVT 
India

Rs 30 Crore, 32 Kg Gold Seized From Tamil Nadu, Karnataka

Darpan News Desk IANS, 10 Dec, 2016 01:24 PM
    Taxmen have seized Rs 5.7 crore in new 2,000 notes, Rs 90 lakh in old denomination and 32 kg of gold and jewellery from a secret locker in a bathroom in a Karnataka town, officials said on Saturday, hours after Rs 24 crore, also in new notes, were recovered from a government contractor's car in Tamil Nadu.
     
    An official in Bengaluru said the recovery was made from a hawala operator in a small town in central Karnataka on Friday. It included 28 kg of bullion in gold biscuits, 4 kg of gold and jewellery and Rs 90 lakh in 100 and 20 rupee notes
     
    "They were found stashed in a secret chamber of a bathroom in the house of (the) hawala operator at Challakere in Chitradurga district during search operations," said the official.
     
    With about 50,000 population, Challakere is over 200 km from Bengaluru.
     
    The tax department's investigation wing searched the premises of casino operators and bullion traders in Hubballi and Chitradurga districts of the state following a tip-off that black money was being converted into white through laundering and hoarding.
     
    "When teams of sleuths searched 15 places in the two districts, (the) hawala operator was found converting old notes and hoarding bullion using demonetised Rs 500 and Rs 1,000 notes," the official said.
     
    Incriminating documents related to the illegal activities were also recovered during the raids and sent for analysing and investigating their content for evidence.
     
     
    Searches continued till late Saturday.
     
    This is the second major haul of currency and gold this month in Karnataka. On December 1, tax sleuths seized Rs 6 crore in cash and 7 kg gold from the residences of two state government engineers in Bengaluru.
     
    Of the Rs 6-crore cash haul, Rs 4.7 crore were in Rs 2,000, Rs 30 lakh in now spiked 500 notes and Rs one crore in 100 and 50 notes. The 7 kg bullion in gold biscuits is valued at Rs 2 crore.
     
    In Tamil Nadu, the Income Tax department said Rs 24 crore was recovered on the third day of raids on three businessmen -- J. Shekhar Reddy, Srinivasalu and Prem.
     
    "We have seized cash valued at Rs 24 crore in Vellore," an IT official told IANS, adding the seized cash will be deposited with the Reserve Bank of India.
     
    The Central Board of Direct Taxes (CBDT) on Friday said the IT department had seized Rs 96.89 crore cash in 500 and 1,000 rupee notes, and Rs 9.63 crore in new 2,000 currency along with gold weighing 127 kg worth approximately Rs 36.29 crore.
     
    The big fish is said to be Reddy, from whose car the money was seized on Saturday. He is a contractor and has executed works for the Tamil Nadu government.
     
    Reddy was also a Board Member of the Tirumala Tirupati Devasthanam (TTD). On Saturday, the Andhra Pradesh government removed him from the post following the raids and the seizure.

    MORE India ARTICLES

    Demonetisation: When Payday Pained Salaried Indians

    Demonetisation: When Payday Pained Salaried Indians
    Most private companies in India credit salaries to their employees on the last day of a month even as labour laws allow wages to be disbursed on any day before the 10th of the next month.

    Demonetisation: When Payday Pained Salaried Indians

    Saudi Arabia Tops Gulf States Among Remittance Sending Countries

    Saudi Arabia Tops Gulf States Among Remittance Sending Countries
    Three Gulf countries rank in the top 10 category among remittance-sending countries, with Saudi Arabia ranking second to the US with regard to remittances sent abroad - at $37 billion.

    Saudi Arabia Tops Gulf States Among Remittance Sending Countries

    Manoj Tiwari Appointed Delhi Bjp Chief, Takes Charge

    Manoj Tiwari Appointed Delhi Bjp Chief, Takes Charge
    Actor turned politician Manoj Towari was on Wednesday appointed Bharatiya Janata Party's Delhi unit chief in place of Satish Upadhyay. BJP MP Nityanand Rai was appointed the party's Bihar unit chief.

    Manoj Tiwari Appointed Delhi Bjp Chief, Takes Charge

    Kerala's Sree Padmanabhaswamy Temple Relaxes Dress Code For Women

    Kerala's Sree Padmanabhaswamy Temple Relaxes Dress Code For Women
    According to the dress code prevailing since ages, women were allowed to wear only sarees, long skirt or a dhoti while entering the temple.

    Kerala's Sree Padmanabhaswamy Temple Relaxes Dress Code For Women

    Salmon From Norway Comes To India With 'Desi' Twist

    Salmon From Norway Comes To India With 'Desi' Twist
    Sea food lovers are in for good news as they can now relish salmon, native to tributaries of North Atlantic and Pacific Ocean, in Indianised versions like 'Amritsari Tawa Salmon' and 'Bengali yogurt mustard Salmon'.

    Salmon From Norway Comes To India With 'Desi' Twist

    Son Has No Legal Right In Parents' House, Can Stay At Their Mercy: Court

    Son Has No Legal Right In Parents' House, Can Stay At Their Mercy: Court
    A son, irrespective of his marital status, has no legal right to live in the self-acquired house of his parents and can reside there only at their "mercy", the Delhi High Court has said.

    Son Has No Legal Right In Parents' House, Can Stay At Their Mercy: Court