New Delhi: After five days of search, the Income Tax Department on Monday seized Rs 44 crore in cash and 90 kgs of gold, from the properties of self-styled godman Kalki Bhagwan and his son, Krishna.
The IT Department conducted a search on properties of 'White Lotus' in Chennai, Hyderabad, Bengaluru, Chittoor, and Kuppam.
The company White Lotus is owned by the son of Wellness Guru, Kalki Bhagwan.
The Income Tax department has confiscated Rs 20 crore worth USD, around 409 crore cash receipts, undisclosed bank accounts worth Rs 115 crore, foreign investments through hawala worth Rs 85 crore and 90 kgs of gold. The total seizure value stands at Rs 105 crore.
The search was coordinated by 300 officials in 40 locations in Chennai, Hyderabad, Bengaluru, Chittoor and Kuppam.
The raids began on Wednesday and were carried out at the expansive ashram at Varadaiahpalem near Chittoor and the properties of Krishna.
It is said that the raids were carried out after intelligence inputs about tax evasion and financial embezzlement.