Namakkal raids: I-T seizes unaccounted cash worth Rs 15cr

Income Tax department officials have seized unaccounted cash approximately worth Rs 15 crore from the premises of PSK Engineering Construction and Co in Namakkal district.

 

Out of the amount seized, a major portion was seized from four premises belonging to PSK Engineering Construction and Company.

 

Apart from cash, several incriminating documents and accounts with details of the generation of unaccounted money by inflation of expenditure, payments made to influential persons and unaccounted capital introduced were also seized.