New Notes Worth Rs 4.7 Crore Seized In I-T Raid On CM Siddaramaiah’s Aides in Bengaluru

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.