Insta
Income Tax Officials Seize Rs 1.5 Crore Illicit Cash From North-East Ahead Of Lok Sabha Polls
Swarajya Staff
Mar 26, 2019, 03:59 PM | Updated 03:59 PM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
As part of its efforts to prevent black money from affecting the upcoming Lok Sabha Elections, Income Tax officials have seized cash totalling upwards of Rs 1.5 crore from across locations in the North-East in just the first week since the model code of conduct was implemented, reports ANI.
The Directorate of Investigation of Income Tax Department, North-East region has been collaborating with the state governments, banks the Central Industrial Security Force (CISF) and some other government agencies to keep a check on streams of undisclosed funds.
Moreover, the directorate has also been closely monitoring cash transactions and withdrawals from bank accounts which are greater than Rs 10 lakh; banks are required to report all transactions beyond this threshold.
Inputs from the Financial Intelligence Unit (FIU) on suspicious transactions are being looked at.
Surveillance teams at the district level have been sent out to cover 112 districts in seven states across the North-East; every state capital has a control room from where intelligence inputs are coordinated. Air Intelligence Units (AIU) have also been set up to monitor each and every major airport.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.