Rs 30 Crore, 32kg Gold Seized From Tax Raids In Tamil Nadu, Karnataka

Taxmen have seized Rs 5.7 crore in new Rs 2,000 notes, Rs 90 lakh in old denomination and 32kg of gold and jewellery from a secret locker in a bathroom in a Karnataka town, officials said on Saturday (10 December), hours after Rs 24 crore, also in new notes, were recovered from a government contractor's car in Tamil Nadu.

An official in Bengaluru said the recovery was made from a hawala operator in Challakere in Chitradurga district on Friday (9 December). It included 28kg of bullion in gold biscuits, 4kg of gold and jewellery and Rs 90 lakh in 100- and 20-rupee notes.

This is the second major haul of currency and gold this month in Karnataka. On 1 December, tax sleuths seized Rs 6 crore in cash and 7kg gold from the residences of two state government engineers in Bengaluru. In Tamil Nadu, the Income Tax department said Rs 24 crore was recovered on the third day of raids on three businessmen – J Shekhar Reddy, Srinivasalu and Prem.

With inputs from IANS