Insta
New Notes Worth Rs 4.7 Crore Seized In I-T Raid On CM Siddaramaiah’s Aides in Bengaluru
Representational picture: An Indian bank employee checks stacks of new Rs2,000 rupee notes. Photo credit: SAM PANTHAKY/AFP/GettyImages
Officials from the Income Tax Department’s Karnataka and Goa region operations seized Rs 6 crore in unaccounted cash, including Rs 4.7 crore worth of new Rs 2,000 notes on Thursday as they undertook a search-and-raid operation on the houses of two government officials in Bengaluru. This is the biggest seizure of new currency notes after demonetisation was announced on 8 November.
The engineers are close to chief minister Siddaramaiah, Times of India has said in its report today (2 December). According to the daily, Income Tax officials also recovered 7kg of bullion, 7kg of jewellery and high-end luxury cars and bikes owned by family members of the two of engineers. Local news outlets, including BTv News, have confirmed the report.
According to The New Indian Express, officials whose residences were raided are, state highway development project chief planning officer S C Jayachandra and Cauvery Neeravari Nigam Limited managing director T N Chikkarayappa. One of the two engineers has once been suspended for misappropriating Bruhat Bengaluru Mahanagar Palike (BBMP) funds.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.
Latest
