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

Representative image of stacks of cash (SAM PANTHAKY/AFP/Getty Images)
Representative image of stacks of cash (SAM PANTHAKY/AFP/Getty Images)

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.

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