Rs.6 crore cash, 7 kg gold haul in Bengaluru tax raids, Rs.95 lakh seized in Hyderabad

New Delhi: In surprise raids in Bengaluru, Income Tax officials found and seized a whopping Rs 6 crore in cash and 7kg gold from the residences of two state government engineers and two contractors in Bengaluru, said an official on Thursday. While in Hyderabad, over Rs 95 lakh, in new currency notes of Rs 2000, was seized from a cab during a vehicle checking drive in the city, police said.           Karnataka:

• "Of the Rs.6 crore cash haul, Rs.4.7 crore were the Rs 2,000 new notes, Rs 30 lakh in the old Rs 500 notes and Rs 1 crore in lower denominations such as Rs 100 and Rs 50," said Alex Mathew, Income Tax Officer of Karnataka in a statement here. Image Courtesy: ANI
• The 7 kg bullion valued at Rs 2 crore were found in a flat of a civil contractor.
• The major haul was from a posh flat of Public Works Department engineer S.C. Jayachandra at upscale Sanjaynagar in the city's northwest suburb.
• "A search action was initiated on Wednesday by the investigation directorate in the case of two engineers and connected persons in Bengaluru, Chennai and Erode, in which the new notes and bullion are learnt to have been obtained by exchange of demonetised notes by payment of commission," said Mathew in the statement.
• The investigation is in progress and the search action is continuing in 10 premises across the three cities, including two in the neighbouring Tamil Nadu state.
• The seizure of the new currency notes of Rs.2,000 is said to be the highest since it was introduced after the November 8 demonetisation of Rs 500 and Rs 1,000 notes.
• The sleuths also attached a Lamborghini and Porsche limousines of Jayachandra, parked in the basement of his multi-storey apartment.Hyderabad:

• Five persons were seated in the car and upon suspicion, the vehicle was stopped at Himayatnagar for checking, they said. File Photo
• During checking of the car, a total of amount of Rs 95,18,000 was found stashed in the bags, they said.
• Those travelling in the car could not give a satisfactory reply about the cash and they were being questioned, police said, adding that the matter would be reported to Income Tax department for further investigations.Tamil Nadu:
• Income tax department raided a marriage hall and house of a BJP functionary in Salem and seized a huge amount of money. File Photo
• Rs.20 lakh was seized from the house of BJP student leader JVR Arun.
• Arun had nothing to say to explain the huge amount of cash at his place.
• Notably, JVR Arun is one of those leaders who had supported demonetisation and had even taken to social media to appreciate the move.Watch: