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Cash worth Rs 90 crores, massive Gold found in Income Tax raids


Cinosural International An Elementry School Jammu

Chennai: The officials of the Income Tax department raided the homes of PWD contractors who are part of the sand mafia in Chennai and recovered gold and Rs. 90 crore in cash. Raids have been conducted at eight places in the city, sources said. Many of them are residential flats that were being used as hideouts.

  Of the cash found, Rs 8 crore were in new notes, Rs 65 crore in the banned old notes of Rs 500 and Rs 1,000, sources said. Rs 10 crore in old and new currency is being sorted. The gold, valued at nearly Rs 28 crore, is in bars of 1 kg.(Agencies)


 

 


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