Rs 32 crore cash in new notes, 82kg gold seized in multiple raids across country
Raids across the country on Saturday yielded a haul of over Rs 44 crore including Rs 32 crore in new currency and 82 kg of gold.
Delhi Police raided the office of a law firm in south Delhi last Saturday night and seized Rs 13.65 crore in cash -- counted till Sunday morning -- of which Rs 2.6 crore was in new bank notes.
The raid was carried out by the Crime Branch at the office of T&T Law Firm, said a senior police officer.
When the police team raided the office, its rooms were locked and only a caretaker was present.
Police are searching for the firm promoter Rohit Tandon.
In Karnataka, the Income Tax department seized Rs 5.7 crore cash in new notes, 32kg of gold and jewellery, and Rs 90 lakh of old notes stashed inside the bathroom tiles of a hawala dealer in the remote town of Challakere.
The I-T department seized the alleged undisclosed assets from the unidentified hawala operator as part of its raids against black money hoarders.
The seizure was carried out after the I-T department’s investigation wing in Panaji began searches on Friday against casino and bullion traders in Hubballi and Chitradurga districts.
In neighbouring Tamil Nadu, the Income Tax department seized Rs 24 crore in new notes in Vellore and 50 kgs of gold from businessmen Sekhar Reddy, adding to the biggest confiscation of black money post-demonetisation.
Police officials say that the new seizure was made when I-T officials checked a car in Vellore after interrogating the three men who had been earlier arrested in Chennai two days ago when the tax operations began.
“The raided premises belong to the industrialist Sekhar Reddy, his associate and family member Srinivasalu Reddy, and their agents, including a man named Prem,” an I-T official said. So far, 4 out of the total 8 premises that have been searched,” he added.
Reddy, a prominent industrialist was also a member of the Tirumala Tirupati Devasthanam Trust Board. Following the seizures of cash and gold, Andhra Pradesh chief minister Chandrababu Naidu ordered his removal as a member of the board of trustees.
On Friday, the three men were arrested after IT officials seized Rs 90 crore in old high denomination notes and Rs 9.63 crore in the new Rs 2000 note. I-T officials also seized 127 kg gold from premises belonging to Reddy in Chennai.
(With inputs from agencies)