The Income Tax Department carried out raids on Surana Jewellers and other establishments of its proprietor in the Indian city of Nashik, Maharashtra and seized $3.

The Income Tax Department carried out raids on Surana Jewellers and other establishments of its proprietor in the Indian city of Nashik, Maharashtra and seized $3.1 million (Rs 26 crore) in cash, besides undisclosed wealth, the news agency ANI reported on Sunday (May 26). The raid was carried out following reports of alleged undisclosed transactions by Surana Jewellers' proprietor. Moreover, documents of unaccounted wealth worth $10.8 million (Rs 90 crore) were also seized. The video of a raid was shared by ANI on X which showed department officials seizing multiple bundles of cash from the Surana Jewellers store. Income Tax Department launched a raid on Surana Jewellers in Nashik, in response to alleged undisclosed transactions by the proprietor. About Rs 26 crore in cash and documents of unaccounted wealth worth Rs 90 crore have been seized in raids carried out by the Income Tax… pic.twitter.com/XJ0wyuI8HQ — ANI (@ANI) May 26, 2024 × A report by English Jagran on Sunday said that the raids continued for about 30 hours and targeted multiple locations including the proprietor's residence and his construction firm. The report said that around 50 officials from Nashik, Nagpur and Jalgaon were part of this operation. The raids started early morning with officials scrutinising financial records, transactional data, and pertinent documents. Heavy police presence was seen at the locations that were raided. (With inputs from agencies)

Income Tax dept raids Surana Jewellers in Nashik, seizes $3.1 million in cash, assets worth $10.8 million

India's Income Tax Department, during raids on properties linked to Congress' Jharkhand Rajya Sabha MP Dheeraj Sahu, recovered a whopping sum of approximately ₹290 crore or $34.7 million&nbsp;in cash, following which the raids have been intensified at other locations as well. The cash seizure figure may go further up as counting is still on.

Boudh Distillery Private Limited in the Indian state of Odisha is the location&nbsp;from where the amount was discovered and&nbsp;the counting of notes is still underway, media reports said. As per reports the cash found was in such a huge quantity that some of the counting machines broke down. 
 
The raids also extended to Sahu's business premises in Jharkhand and West Bengal, including areas in Naxal-affected regions, prompting cautious procedures.&nbsp;

Indian Prime Minister Narendra Modi has also reacted to the ongoing raids and spoke of the commitment to recovering every penny.

“The countrymen should look at the pile of these notes and then listen to the honest 'speeches' of their leaders…Whatever has been looted from the public, every penny will have to be returned, this is Modi's guarantee," PM Modi said in a post on X social media platform by sharing a newspaper article on the raids.

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The Jharkhand unit of the Congress has not been commenting much on the Income Tax raids and the large sums of money which was found by the authorities.

Congress spokesperson Neeraj Sinha reportedly defended Dheeraj Sahu and his business activities claiming that the business has a long history and is not a matter of sudden wealth accumulation like Adani group, the Indian multinational conglomerate that has been&nbsp;often criticised around alleged favouritism.&nbsp;

He also reportedly shared that the income tax department had not communicated any information to Sahu.&nbsp;

<h2>Bundles of cash stack in almirahs,</h2>

The Income Tax Department reported that over 30 officers are involved in the ongoing cash counting process, with videos of note bundles stacked in almirahs going viral. Around eight machines are being used to count the substantial amount of cash.

Additional locations under scrutiny include Sambalpur and Sundargarh in Odisha, as well as Bokaro and Ranchi in Jharkhand.

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As the raids continues even after three days, the BJP seized the opportunity to target the Congress leadership, accusing them of amassing black money through corrupt practices.

Gaurav Bhatia, a leader of the Bharatiya Janata Party (BJP), remarked, "The IT dept has seized more than ₹100 crore in cash from the residence of a Congress MP in Jharkhand. The Congress leaders are filling up their pockets with these black earnings made out of corruption."

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Union Minister Anurag Thakur added to the criticism, stating, "In the raids on Congress MP's premises, more than Rs 220 crores were found in nine almirahs and several rooms at their place and their associate's place...32 employees of banks were also less to count cash. This is the amount of money recovered from one corrupt MP of Congress. Congress is the birthplace of corruption..."

(With inputs from agencies)

India's Income Tax Department, during raids on properties linked to Congress' Jharkhand Rajya Sabha MP Dheeraj Sahu, recovered a whopping sum of approximately ₹290 crore or $34.

India's Income Tax Department, during raids on properties linked to Congress' Jharkhand Rajya Sabha MP Dheeraj Sahu, recovered a whopping sum of approximately ₹290 crore or $34.7 million in cash, following which the raids have been intensified at other locations as well. The cash seizure figure may go further up as counting is still on. Boudh Distillery Private Limited in the Indian state of Odisha is the location from where the amount was discovered and the counting of notes is still underway, media reports said. As per reports the cash found was in such a huge quantity that some of the counting machines broke down. The raids also extended to Sahu's business premises in Jharkhand and West Bengal, including areas in Naxal-affected regions, prompting cautious procedures. Indian Prime Minister Narendra Modi has also reacted to the ongoing raids and spoke of the commitment to recovering every penny. “The countrymen should look at the pile of these notes and then listen to the honest 'speeches' of their leaders…Whatever has been looted from the public, every penny will have to be returned, this is Modi's guarantee," PM Modi said in a post on X social media platform by sharing a newspaper article on the raids. Also Read | India: 13 arrested in ISIS case after NIA raids in Maharashtra, Karnataka The Jharkhand unit of the Congress has not been commenting much on the Income Tax raids and the large sums of money which was found by the authorities. Congress spokesperson Neeraj Sinha reportedly defended Dheeraj Sahu and his business activities claiming that the business has a long history and is not a matter of sudden wealth accumulation like Adani group, the Indian multinational conglomerate that has been often criticised around alleged favouritism. He also reportedly shared that the income tax department had not communicated any information to Sahu. Bundles of cash stack in almirahs, The Income Tax Department reported that over 30 officers are involved in the ongoing cash counting process, with videos of note bundles stacked in almirahs going viral. Around eight machines are being used to count the substantial amount of cash. Additional locations under scrutiny include Sambalpur and Sundargarh in Odisha, as well as Bokaro and Ranchi in Jharkhand. Also Read | PM Modi dominates Global Leader Approval ratings, tops the chart with impressive 76 percent As the raids continues even after three days, the BJP seized the opportunity to target the Congress leadership, accusing them of amassing black money through corrupt practices. Gaurav Bhatia, a leader of the Bharatiya Janata Party (BJP), remarked, "The IT dept has seized more than ₹100 crore in cash from the residence of a Congress MP in Jharkhand. The Congress leaders are filling up their pockets with these black earnings made out of corruption." Watch | How RBI pause impacts consumers × Union Minister Anurag Thakur added to the criticism, stating, "In the raids on Congress MP's premises, more than Rs 220 crores were found in nine almirahs and several rooms at their place and their associate's place...32 employees of banks were also less to count cash. This is the amount of money recovered from one corrupt MP of Congress. Congress is the birthplace of corruption..." (With inputs from agencies)

$34.7mn cash seized in I-T raids on Cong MP’s properties; Modi vows ‘every penny will have to be returned’

BBC (British Broadcasting Corporation) offices in Delhi and Mumbai are being scrutinised for the second straight day on Wednesday by Income Tax officials, as part of a tax evasion probe, said multiple media reports.&nbsp;According to a report, BBC has instructed its employees by email to work from home and refrain from answering questions pertaining to their personal incomes. "Employees can refrain from answering questions on personal income if asked so. They should answer other salary-related queries," the email read.&nbsp;

The UK's national broadcaster advised its staff to cooperate with the Income Tax officials and "answer questions comprehensively". The Indian media outlet, NDTV while quoting sources said, that the latest survey will be centred around questions related to accounts. It added that the probe will be conducted on the BBC senior management.&nbsp;

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"The Income Tax Authorities remain at the BBC offices in New Delhi and Mumbai. Many staff have now left the building, but some have been asked to remain and are continuing to cooperate with the ongoing enquiries," a BBC News Press Team tweeted at 10:26 pm on Tuesday night.

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"We are supporting our staff during this time and continue to hope to have this situation resolved as soon as possible," it added.&nbsp;

This is the second straight day when BBC offices were searched in India. On Tuesday, a team of 60-70 personnel of the Income Tax department carried out the survey and the employees were asked not to use phones and also to not share details until the search is over.&nbsp;

The opposition leaders in India are targeting the government and linking the raids to the controversy stoked following the release of a two-part BBC documentary on the Gujarat riots in 2002 and the Indian Prime Minister Narendra Modi.&nbsp;

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The last crucial development in&nbsp;the BBC saga was when last week, India's apex court rejected a request for a complete ban on BBC in India over the documentary. The Supreme Court termed the petition "entirely misconceived". UK has not made any official comments yet over the searches.

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BBC (British Broadcasting Corporation) offices in Delhi and Mumbai are being scrutinised for the second straight day on Wednesday by Income Tax officials, as part of a tax evasion probe, said multiple media reports.

BBC (British Broadcasting Corporation) offices in Delhi and Mumbai are being scrutinised for the second straight day on Wednesday by Income Tax officials, as part of a tax evasion probe, said multiple media reports. According to a report, BBC has instructed its employees by email to work from home and refrain from answering questions pertaining to their personal incomes. "Employees can refrain from answering questions on personal income if asked so. They should answer other salary-related queries," the email read. The UK's national broadcaster advised its staff to cooperate with the Income Tax officials and "answer questions comprehensively". The Indian media outlet, NDTV while quoting sources said, that the latest survey will be centred around questions related to accounts. It added that the probe will be conducted on the BBC senior management. Also Read | FDA approves a 'first-of-its-kind' vibrating pill to relieve chronic constipation "The Income Tax Authorities remain at the BBC offices in New Delhi and Mumbai. Many staff have now left the building, but some have been asked to remain and are continuing to cooperate with the ongoing enquiries," a BBC News Press Team tweeted at 10:26 pm on Tuesday night. Also Read | Hundreds, including same-sex couples, wed in mass ceremony on Valentine's Day in Mexico "We are supporting our staff during this time and continue to hope to have this situation resolved as soon as possible," it added. This is the second straight day when BBC offices were searched in India. On Tuesday, a team of 60-70 personnel of the Income Tax department carried out the survey and the employees were asked not to use phones and also to not share details until the search is over. The opposition leaders in India are targeting the government and linking the raids to the controversy stoked following the release of a two-part BBC documentary on the Gujarat riots in 2002 and the Indian Prime Minister Narendra Modi. Watch | 'Designer' babies: How far is too far? The last crucial development in the BBC saga was when last week, India's apex court rejected a request for a complete ban on BBC in India over the documentary. The Supreme Court termed the petition "entirely misconceived". UK has not made any official comments yet over the searches. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

BBC offices searched for second day in tax evasion probe, employees asked to work from home: Reports

The Income Tax department officers on Tuesday conducted raids on the premises of Tamil film producer Anbu Chezhiyan in Madurai over suspected tax evasion. Raids are also being conducted at the offices of film producer Kalaipuli S. Thanu in Chennai and film producer S.K. Prabhu’s residence at Teynampet, Chennai.

The I-T officers commenced the raids this morning at the office and residences of these prominent financiers and producers in the Tamil film industry.

Anbu Chezhiyan has financed several Tamil movies and has also taken the distribution rights of many successful movies. His Gopuram Films banner has produced movies and distributed some movies in Tamil. The IT sleuths are conducting raids at 40 locations related to Anbu Chezhiyan in Madurai and ten locations in Chennai.

Notably, the IT department conducted major raids at the residences and offices of prominent financiers in the Tamil film industry on February 5, 2020. The tax department had raided around 38 prominent producers and actors in the search operation of 2020 which included Super Star Vijay.

Also read:&nbsp;<a href="https://www.wionews.com/entertainment/alia-bhatts-gangubai-suriyas-jai-bhim-bag-top-nominations-at-iffm-2022-502841" hreflang="en">Alia Bhatt's 'Gangubai', Suriya's 'Jai Bhim' bag top nominations at IFFM 2022</a>

The I-T department had in its raids at Anbu Chezhiyans residence on February 5, 2020, recovered Rs 65 crore in cash. This was immediately after the Vijay starrer ‘Bigil’ was released. Anbu Chezhiyan was the producer of the movie.

The Income Tax department officers on Tuesday conducted raids on the premises of Tamil film producer Anbu Chezhiyan in Madurai over suspected tax evasion. Raids are also being conducted at the offices of film producer Kalaipuli S.

The Income Tax department officers on Tuesday conducted raids on the premises of Tamil film producer Anbu Chezhiyan in Madurai over suspected tax evasion. Raids are also being conducted at the offices of film producer Kalaipuli S. Thanu in Chennai and film producer S.K. Prabhu’s residence at Teynampet, Chennai. The I-T officers commenced the raids this morning at the office and residences of these prominent financiers and producers in the Tamil film industry. Anbu Chezhiyan has financed several Tamil movies and has also taken the distribution rights of many successful movies. His Gopuram Films banner has produced movies and distributed some movies in Tamil. The IT sleuths are conducting raids at 40 locations related to Anbu Chezhiyan in Madurai and ten locations in Chennai. Notably, the IT department conducted major raids at the residences and offices of prominent financiers in the Tamil film industry on February 5, 2020. The tax department had raided around 38 prominent producers and actors in the search operation of 2020 which included Super Star Vijay. Also read: Alia Bhatt's 'Gangubai', Suriya's 'Jai Bhim' bag top nominations at IFFM 2022 The I-T department had in its raids at Anbu Chezhiyans residence on February 5, 2020, recovered Rs 65 crore in cash. This was immediately after the Vijay starrer ‘Bigil’ was released. Anbu Chezhiyan was the producer of the movie.

I-Tax dept raids premises of TN film producer Anbu Chezhiyan

Filmmaker Anurag Kashyap and actor Taapsee Pannu have fresh trouble as the two have reportedly faced income tax raids over tax evasion, sources said.

Currently, searches are on at nearly 20 locations in Mumbai and Pune cities, including the offices of a talent agency,<a href="https://www.wionews.com/topics/anurag-kashyap"> Anurag Kashya</a>p's Phantom Films and producer Madhu Mantena.

This comes at a time when incidentally both the filmmaker and actor have been vocal of their thoughts on government policies. They have both been critical of the current government’s policies including farm bills, and more.&nbsp;

When pop star Rihanna’s tweet on why we are not talking about farmer protests in India went viral, <a href="https://www.wionews.com/topics/taapsee-pannu">Taapsee Pannu</a> had tweeted: "If one tweet rattles your unity, one joke rattles your faith or one show rattles your religious belief, then it's you who has to work on strengthening your value system not become propaganda teachers for others.”

Filmmaker Anurag Kashyap and actor Taapsee Pannu have fresh trouble as the two have reportedly faced income tax raids over tax evasion, sources said. Currently, searches are on at nearly 20 locations in Mumbai and Pune cities, including the offices of a talent agency, Anurag Kashyap's Phantom Films and producer Madhu Mantena.

Filmmaker Anurag Kashyap and actor Taapsee Pannu have fresh trouble as the two have reportedly faced income tax raids over tax evasion, sources said. Currently, searches are on at nearly 20 locations in Mumbai and Pune cities, including the offices of a talent agency, Anurag Kashyap's Phantom Films and producer Madhu Mantena. This comes at a time when incidentally both the filmmaker and actor have been vocal of their thoughts on government policies. They have both been critical of the current government’s policies including farm bills, and more. When pop star Rihanna’s tweet on why we are not talking about farmer protests in India went viral, Taapsee Pannu had tweeted: "If one tweet rattles your unity, one joke rattles your faith or one show rattles your religious belief, then it's you who has to work on strengthening your value system not become propaganda teachers for others.”

Anurag Kashyap, Taapsee Pannu face income tax raids: Report

The Income Tax department raided 20 properties of Sula Vineyards, its director Rajeev Samant as well as companies linked with him, located in Mumbai and Nashik, on Friday until Sunday.&nbsp;

Media reports say that the raids were in association with the information disclosed in Panama Papers. However, Samant had denied these claims.&nbsp;

The Panama Papers are files&nbsp;released by one of the world&#39;s biggest offshore law firms, Mossack Fonseca, which help in tracking undeclared assets of the worlds rich.&nbsp;

Reports say that the IT officials have taken all the documents and evidence from Rajeev&#39;s companies to compare them with the information mentioned in Panama Papers in order to find any such links.&nbsp;

It was reported that documents have been found which show that the company deposited Rs. 1.5 crores in demonetized currency earlier.&nbsp;

The department has also found documents showing alleged fraud of the Tonnage Tax Scheme used for maritime businesses, further inquiry is being made, reports said.&nbsp;

The information against Sula Vineyards initially came to&nbsp;Enforcement Directorate&#39;s attention&nbsp;in association with the case enquired against senior NCP leader and former minister Chhagan Bhujbal.

Media reports say that the raids were in association with the information disclosed in Panama Papers, however, Samant had denied these claims

The Income Tax department raided 20 properties of Sula Vineyards, its director Rajeev Samant as well as companies linked with him, located in Mumbai and Nashik, on Friday until Sunday. Media reports say that the raids were in association with the information disclosed in Panama Papers. However, Samant had denied these claims. The Panama Papers are files released by one of the world's biggest offshore law firms, Mossack Fonseca, which help in tracking undeclared assets of the worlds rich. Reports say that the IT officials have taken all the documents and evidence from Rajeev's companies to compare them with the information mentioned in Panama Papers in order to find any such links. It was reported that documents have been found which show that the company deposited Rs. 1.5 crores in demonetized currency earlier. The department has also found documents showing alleged fraud of the Tonnage Tax Scheme used for maritime businesses, further inquiry is being made, reports said. The information against Sula Vineyards initially came to Enforcement Directorate's attention in association with the case enquired against senior NCP leader and former minister Chhagan Bhujbal.

Income Tax raids at Sula Vineyards and director Rajeev Samant's properties

The Income Tax department on Wednesday conducted raids at the premises of several top bureaucrats in Uttar Pradesh.

Premises of Meerut range Road Transport Officer (RTO) Mamta Sharma, former Baghpat district magistrate and additional CEO Greater Noida have been raided.

Offices located at Ghaziabad and Lucknow of former district magistrate Satyendra Singh has also been raided.

According to reports, raids are going on in six cities of Uttar Pradesh, covering 15 locations.

Raids cover four officers of UP Government.

Last month, the department had searched over 20 premises and detected undisclosed income of over Rs 10 crore.

(ANI)&nbsp;

The department had searched over 20 premises last month and detected undisclosed income of over Rs 10 crore

The Income Tax department on Wednesday conducted raids at the premises of several top bureaucrats in Uttar Pradesh. Premises of Meerut range Road Transport Officer (RTO) Mamta Sharma, former Baghpat district magistrate and additional CEO Greater Noida have been raided. Offices located at Ghaziabad and Lucknow of former district magistrate Satyendra Singh has also been raided. According to reports, raids are going on in six cities of Uttar Pradesh, covering 15 locations. Raids cover four officers of UP Government. Last month, the department had searched over 20 premises and detected undisclosed income of over Rs 10 crore. (ANI)

Income Tax raids top bureaucrats across Uttar Pradesh

Facing a barrage of allegations of anonymity property and later being raided by the Income Tax Department, Rashtriya Janata Dal (RJD) supremo Lalu Prasad Yadav lashed out at Bharatiya Janata Party (BJP) and the Central Government asserting that the saffron party and Rashtriya Swayamsevak Sangh (RSS) are holding grudges against him and his party for which they would soon repay.

&quot;BJP, RSS people should listen, and know that Lalu Yadav will drag you off your seat in Delhi, whatever be my situation. BJP and RSS are holding grudges against me for which they would pay. They are doing this to project a bad image of me and my party,&quot; Yadav told ANI.

Further lashing out at the Modi government, Yadav said a rally will be held to fight against BJP and also to decide future course of action.

&quot;Modi`s government will not be able to complete five years, if they continue with this behaviour. A rally will take place in Gandhi Maidan on August 27, invited leaders of similar ideologies to decide future course of action,&quot; said Yadav.

Earlier this month, raids were conducted by the Income Tax (IT) department at the 22 locations in Delhi, Gurugram on companies and people associated with Lalu.

A team of about 100 tax department officials and police personnel reportedly carried out the raids.

As per sources, the raids were conducted on the charges of illegal (benami) land deals worth Rs. 1,000 crores.

Lalu`s advocate Chitranjan Sinha, however, denied the allegations, saying that the RJD chief doesn`t even have 22 residences in Delhi.

The RJD supremo also refuted the charges asserting that he is not afraid of the onslaught against him.Lalu took to his Twitter page to slam the Bharatiya Janata Party (BJP), saying the saffron party and Rashtriya Swayamsevak Sangh (RSS) are trying to pressurise him, knowing that he will expose their &quot;lies, loot and jumlas.&quot;

Challenging the Centre to reveal the names of the 22 places raided, the former Bihar chief minister said, &quot;At least tell which 22 places were raided, you illiterates. Lalu is not scared of BJP-backed media and government puppets.&quot;

Reacting to the RJD chief`s assertion, the Centre said that if Lalu is innocent, then he should prove it to the IT department.

&quot;The raids are being conducted as per procedure. We have no intention to intimidate anyone. There have been reports of the massive property owned by his son and daughter in both Bihar and Delhi. Why has there been no clarification? A profit worth 1000 crores is questionable, and hence he is under the scanner,&quot; Union Law Minister Ravi Shankar Prasad told ANI.&nbsp;

(ANI)&nbsp; 
&nbsp;

'BJP, RSS people should listen, and know that Lalu Yadav will drag you off your seat in Delhi, whatever be my situation,' he said.

Facing a barrage of allegations of anonymity property and later being raided by the Income Tax Department, Rashtriya Janata Dal (RJD) supremo Lalu Prasad Yadav lashed out at Bharatiya Janata Party (BJP) and the Central Government asserting that the saffron party and Rashtriya Swayamsevak Sangh (RSS) are holding grudges against him and his party for which they would soon repay. "BJP, RSS people should listen, and know that Lalu Yadav will drag you off your seat in Delhi, whatever be my situation. BJP and RSS are holding grudges against me for which they would pay. They are doing this to project a bad image of me and my party," Yadav told ANI. Further lashing out at the Modi government, Yadav said a rally will be held to fight against BJP and also to decide future course of action. "Modi`s government will not be able to complete five years, if they continue with this behaviour. A rally will take place in Gandhi Maidan on August 27, invited leaders of similar ideologies to decide future course of action," said Yadav. Earlier this month, raids were conducted by the Income Tax (IT) department at the 22 locations in Delhi, Gurugram on companies and people associated with Lalu. A team of about 100 tax department officials and police personnel reportedly carried out the raids. As per sources, the raids were conducted on the charges of illegal (benami) land deals worth Rs. 1,000 crores. Lalu`s advocate Chitranjan Sinha, however, denied the allegations, saying that the RJD chief doesn`t even have 22 residences in Delhi. The RJD supremo also refuted the charges asserting that he is not afraid of the onslaught against him.Lalu took to his Twitter page to slam the Bharatiya Janata Party (BJP), saying the saffron party and Rashtriya Swayamsevak Sangh (RSS) are trying to pressurise him, knowing that he will expose their "lies, loot and jumlas." Challenging the Centre to reveal the names of the 22 places raided, the former Bihar chief minister said, "At least tell which 22 places were raided, you illiterates. Lalu is not scared of BJP-backed media and government puppets." Reacting to the RJD chief`s assertion, the Centre said that if Lalu is innocent, then he should prove it to the IT department. "The raids are being conducted as per procedure. We have no intention to intimidate anyone. There have been reports of the massive property owned by his son and daughter in both Bihar and Delhi. Why has there been no clarification? A profit worth 1000 crores is questionable, and hence he is under the scanner," Union Law Minister Ravi Shankar Prasad told ANI. (ANI)

BJP, RSS will pay for coming at me: Lalu Prasad Yadav

In the biggest seizure of cash in new currency since demonetisation, India&#39;s Income Tax department today confiscated over Rs 4 crore during searches in a dozen premises in Bengaluru and other locations.

Officials said the searches were launched on the premises of two engineers, working with the state government, and some &quot;connected persons&quot;.

A team of over 50 I-T sleuths and police personnel launched operations early morning and searched premises in Bengaluru, Chennai and Erode (Tamil Nadu).

&quot;During the course of searches Rs 4.7 crore cash in new denominations of Rs 2000 and 0.3 crore in old/smaller denominations totalling Rs 5 crore and 7 kg bullion worth approximately Rs 2 crore were found in a flat owned by a civil contractor.

&quot;The new notes and bullion are learnt to have been obtained by exchange of demonetised notes by payment of commission of an engineer and a contractor,&quot; the Central Board of Direct Taxes (CBDT), the policy-making body of the tax department, said in a statement here.

The sleuths also seized some notes of Rs 100, demonetised notes of Rs 500 and a few gold biscuits during the operation, it said, adding the department had to call in note counting machines and additional staff to ascertain the value of the cash.

What has surprised the tax authorities is the sheer amount of new currency stashed by these individuals at a time when new notes are not available to the public which is queueing up to withdraw even small amounts from their accounts.

&quot;This is the highest seizure of the new currency in the country post the currency ban on November 8. Some entry operators and bankers in Karnataka and Tamil Nadu are under the scanner. Such volume of new currency cannot be obtained without connivance of bank officials,&quot; a senior I-T department official said.

The department has also found a number of identity cards of various individuals from the searched premises which could have been used to illegally change the old currency with new ones.

Taxman has also seized documents of property purchase from the premises, even as they found a battery of luxury cars parked in these locations.

&quot;The investigation is still in progress and the search action is still continuing in ten premises,&quot; the CBDT statement added. 
Only yesterday, the Enforcement Directorate (ED) had seized Rs 10 lakh cash in new notes of Rs 2000 from the premises of a Kolkata-based doctor.

The agency conducted nationwide search operations yesterday at 40 locations and seized about Rs 1 crore in new notes.

Both the I-T department and the ED, along with other enforcement agencies and police, are undertaking these operations after reports of instances of illegal exchange of old currency and stashing of new currency notes to perpetrate hawala and money laundering like activities. 
 
(PTI) 
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The income tax department also conducted nationwide search operations yesterday at 40 locations and seized about Rs 1 crore in new notes

In the biggest seizure of cash in new currency since demonetisation, India's Income Tax department today confiscated over Rs 4 crore during searches in a dozen premises in Bengaluru and other locations. Officials said the searches were launched on the premises of two engineers, working with the state government, and some "connected persons". A team of over 50 I-T sleuths and police personnel launched operations early morning and searched premises in Bengaluru, Chennai and Erode (Tamil Nadu). "During the course of searches Rs 4.7 crore cash in new denominations of Rs 2000 and 0.3 crore in old/smaller denominations totalling Rs 5 crore and 7 kg bullion worth approximately Rs 2 crore were found in a flat owned by a civil contractor. "The new notes and bullion are learnt to have been obtained by exchange of demonetised notes by payment of commission of an engineer and a contractor," the Central Board of Direct Taxes (CBDT), the policy-making body of the tax department, said in a statement here. The sleuths also seized some notes of Rs 100, demonetised notes of Rs 500 and a few gold biscuits during the operation, it said, adding the department had to call in note counting machines and additional staff to ascertain the value of the cash. What has surprised the tax authorities is the sheer amount of new currency stashed by these individuals at a time when new notes are not available to the public which is queueing up to withdraw even small amounts from their accounts. "This is the highest seizure of the new currency in the country post the currency ban on November 8. Some entry operators and bankers in Karnataka and Tamil Nadu are under the scanner. Such volume of new currency cannot be obtained without connivance of bank officials," a senior I-T department official said. The department has also found a number of identity cards of various individuals from the searched premises which could have been used to illegally change the old currency with new ones. Taxman has also seized documents of property purchase from the premises, even as they found a battery of luxury cars parked in these locations. "The investigation is still in progress and the search action is still continuing in ten premises," the CBDT statement added. Only yesterday, the Enforcement Directorate (ED) had seized Rs 10 lakh cash in new notes of Rs 2000 from the premises of a Kolkata-based doctor. The agency conducted nationwide search operations yesterday at 40 locations and seized about Rs 1 crore in new notes. Both the I-T department and the ED, along with other enforcement agencies and police, are undertaking these operations after reports of instances of illegal exchange of old currency and stashing of new currency notes to perpetrate hawala and money laundering like activities. (PTI)

Demonetisation: Taxman seizes Rs 4 crore of new denomination notes

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