Close X
Wednesday, December 4, 2024
ADVT 
National

I-T Dept Seizes Over Rs 4.5 Crore From Bengaluru, Huge Stacks Of Rs 2000 Found

Darpan News Desk IANS, 01 Dec, 2016 12:10 PM
  • I-T Dept Seizes Over Rs 4.5 Crore From Bengaluru, Huge Stacks Of Rs 2000 Found
The Income Tax department on Thursday confiscated over Rs 4.5 crore, mostly in new notes, from two individuals, during a surprise check in Bengaluru for fresh currency stashes.
 
The banknotes were retrieved during searches on premises of an engineer and a civil contractor, the department said.
 
While Rs 4.7 cr of the seized money was in the new Rs 2000 banknotes, the rest of the Rs 30 lakh comprised of Rs 100 and demonetised Rs 500, the officials said.
 
Also, 7 kg gold bullion, worth approximately Rs 2 crore was found in the contractor’s house.
 
“Huge stacks of Rs 2000 notes have been recovered. The cash amounts to over Rs four crore. The counting of the seized currency is still on. “This is one the biggest seizures of the new currency. Some entry operators and bankers are under scanner,” a senior I-T department official said.
 
The department also found many ID cards on the premises, which may have been used to illegally exchange the old currency, the department officials suspected.

MORE National ARTICLES

Cuban Students See Trudeau Visit As Lesson In International Relations

OTTAWA — After years of studying Canada-Cuban relations as a graduate student, Freddy Monasterio is going to get a new lesson this week.

Cuban Students See Trudeau Visit As Lesson In International Relations

Liberal MP Majid Jowhari Apologizes For Misstating Engineering Credentials

Liberal MP Majid Jowhari Apologizes For Misstating Engineering Credentials
Liberal Mp Apologizes For Incorrectly Calling Himself An Engineer: 'i Did Not Intend To Mislead Anyone'

Liberal MP Majid Jowhari Apologizes For Misstating Engineering Credentials

Thicker Canada-US Border Unlikely Under Trump, Ex-Security Czar Predicts

Thicker Canada-US Border Unlikely Under Trump, Ex-Security Czar Predicts
While Trump's views on Mexican migrants and Syrian refugees appeared to be sharply at odds with Canada's approach, Ridge said Canada needs to take a deep breath and wait to see what actually emerges from a Trump administration.

Thicker Canada-US Border Unlikely Under Trump, Ex-Security Czar Predicts

Military Police Investigating Alleged Sexual Assault At Garrison Near Montreal

Military Police Investigating Alleged Sexual Assault At Garrison Near Montreal
MONTREAL — Military police are investigating an alleged sexual assault that occurred over the weekend at a leadership school for new recruits south of Montreal.

Military Police Investigating Alleged Sexual Assault At Garrison Near Montreal

Ontario Land Transfer Tax Rebate Doubled To $4,000 For First-time Homebuyers

Ontario Land Transfer Tax Rebate Doubled To $4,000 For First-time Homebuyers
first-time homebuyers won't pay any land transfer tax on the first $368,000 of a purchase price after the changes take effect Jan. 1. He called the $4,000 rebates an "incentive" for would-be homeowners.

Ontario Land Transfer Tax Rebate Doubled To $4,000 For First-time Homebuyers

Royal Bank Of Canada To Increase Fixed Mortgage Rates As Of Thursday

Royal Bank Of Canada To Increase Fixed Mortgage Rates As Of Thursday
The bank is raising its special offer for a five-year fixed rate mortgage to 2.94 per cent, an increase of 30 basis points.

Royal Bank Of Canada To Increase Fixed Mortgage Rates As Of Thursday