Bengaluru:
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.
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 reveled yet.
The cash stash of Rs 5.7 crore, all in new Rs 2,000 notes, 28 kg of gold biscuits, 4 kg of other gold and jewellery was stuffed inside the bathroom safe, which was kept sanitised against termites using hundreds of mothballs.
The assets were recovered after the department's investigation wing in Panaji yesterday began searches against casino and bullion traders in Hubballi and Chitradurga districts.
A good number of documents and another Rs 90 lakh cash (Rs 100/20 notes) has been seized after the searches on the said hawala dealer, they said..
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.
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 reveled yet.
The cash stash of Rs 5.7 crore, all in new Rs 2,000 notes, 28 kg of gold biscuits, 4 kg of other gold and jewellery was stuffed inside the bathroom safe, which was kept sanitised against termites using hundreds of mothballs.
The assets were recovered after the department's investigation wing in Panaji yesterday began searches against casino and bullion traders in Hubballi and Chitradurga districts.
A good number of documents and another Rs 90 lakh cash (Rs 100/20 notes) has been seized after the searches on the said hawala dealer, they said..
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