Wonder Why ATMs And Banks Don't Have Enough Cash? It Might Be Stashed In 'Secret Bathroom Chambers'
Income Tax sleuths have managed to seize currency and gold worth Rs 166 crore in three days of continuous raids against some businessmen. The Karnataka and Goa arm of the I-T department on Friday stumbled upon Rs 57 crore in new currency kept in a secret locker of bathroom in Hubballi during a raid.
It's raining new currencies... no not for the common people, but those hoarding big amounts of black money. While most of the common people are still struggling to get enough cash, thanks to the Rs 4,500 daily withdrawal limit, it doesn't seem to be the case with hawala groups and black money holders.
PTI
In the past couple of days alone crores of rupees, mostly in the form of new Rs 2,000 notes have been recovered in huge numbers in Income Tax raids from across the country.
The Karnataka and Goa arm of the I-T department on Friday stumbled upon Rs 5.7 crore in new currency kept in a 'secret locker of bathroom' in Hubballi during a raid.
#WATCH IT dept seizes 5.7cr in Rs 2000 notes,90 lakh in old notes,32kg bullion frm secret bathroom chamber in Chitradurga & Hubballi #K'taka pic.twitter.com/8N0Wjsc8Ih
¡ª ANI (@ANI_news) December 10, 2016
"28 kg of bullion, about 4 kg of gold and jewellery, Rs 5.7 crore of Rs 2,000 currency notes and Rs 90 lakh in old Rs 100 and Rs 20 notes were seized. Various incriminating documents have also been recovered and income tax teams are further analyzing and investigating the same. Notably the major haul of new denomination currency is from a relatively small town Challakere in Chitradurga district," an I-T Department statement said.
ANI
In Chennai, income tax sleuths have managed to seize currency and gold worth Rs 166 crore in three days of continuous raids against some businessmen.
On Friday afternoon, acting on a tip-off about a cash exchange, police detained a group of seven people near Five Gardens in Dadar. They were found to be in possession of Rs 85 lakh, which included Rs 72 lakh in new Rs 2,000 notes.
Raids by Delhi Police at a firm in Greater Kailash area of the national capital have unearthed more Rs 8 crore in cash. Out of this at least Rs 2 crore is likely in new currency. The money has been seized in raids by the crime branch team of the Delhi Police.
Rs 24 crore in new Rs 2000 notes in Tamil Nadu's Vellore in a raid on Saturday. The team conducted the raid after additional interrogation of mining baron Sekhar Reddy, who has already coughed up Rs 142 crore in cash and gold last week.
On Friday two bank officials were arrested in Gurgaon for allegedly illegally exchanging old currency notes.
Bobins Abraham is the Assistant News Editor at Indiatimes. He has more than twelve years of experience in TV and digital journalism. An avid student of history and geopolitics, he is a conservationist and environmentalist at heart. He writes on environment, sustainability, human-animal conflict and more.
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