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Income Tax Department Raids over 50 places in NCR, Recovers Rs 7 Crore

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Income Tax department
Income Tax Department Raids in NCR. ians

New Delhi, Oct 7: The Income Tax Department on Saturday raided over 50 premises belonging to a leading auto spare parts manufacturing firm in the National Capital Region and recovered cash worth Rs seven crore, officials said.

An Income Tax Department official requesting anonymity told IANS that the searches were carried out at offices and properties of the Jai Bharat Maruti Group across Delhi, Harayana’s Gurugram and Faridabad and Uttar Pradesh’s Ghaziabad.

Besides the cash, three kg of gold was also recovered.

According to Income Tax Department officials, the Jai Bharat Maruti Group, is a leading supplier of automobile spare parts to firms like Maruti Suzuki and Ashok Leyland.

The official also said that the raids were being carried out since Thursday. (IANS)

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Search by Police in a Delhi Law Firm yields Rs 13 Crore in Cash, including Rs 2.60 Crore in new Currency Notes

Of the Rs 13.65 recovered, Rs 7 crore were in old Rs 1,000 notes, Rs 3 crore in 100 rupee notes and Rs 2.61 crore in Rs 2,000 notes

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Indian currency notes. Pixabay

New Delhi, December 11, 2016: Delhi Police said on Sunday they had seized Rs 13.65 crore in cash, including Rs 2.60 crore in new currency notes, from a law firm here.

The Crime Branch on Saturday raided the firm in south Delhi.

Of the Rs 13.65 recovered, Rs 7 crore were in old Rs 1,000 notes, Rs 3 crore in 100 rupee notes and Rs 2.61 crore in Rs 2,000 notes, Joint Commissioner of Police (Crime Branch) Ravindra Yadav told IANS.

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The rest of the money was in other denominations.

A currency counting machine was also recovered. The Income Tax department has been informed, Yadav said. (IANS)

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Rs 39.8 lakh in cash seized from 2 cities in Gujarat, of which Rs 24 lakh was in Rs 2,000 currency notes

From two different cities in the state, Rs 39.8 lakh in cash was seized of which Rs 24 lakh was in Rs 2,000 new currency notes

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A cashier displays the new 2000 Indian rupee banknotes inside a bank in Jammu, India November 15, 2016. REUTERS/Mukesh Gupta. (Representational image)

Ahmedabad, December 10, 2016: From two different cities in Gujarat, Rs 39.8 lakh in cash was seized of which Rs 24 lakh was in Rs 2,000 new currency notes.

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Acting on a tip-off, sleuths of Special Operations Group (SOG) in Ahmedabad seized Rs 21,77,650 in cash and detained four persons who were allegedly carrying those to exchange old notes for a commission, SOG police inspector V H Jadeja said.

According to PTI, Jadeja said,”The seized cash includes new currency notes of Rs 2,000 and Rs 500 worth over Rs 10 lakh, while remaining notes are of Rs 100, Rs 50, Rs 20 and Rs 10 denominations. Those detained will be handed over to the Income Tax department for further investigation.”

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In south Gujarat, in a related incident, in Bharuch town police seized Rs 18 lakh in cash, and some of them were in new currency notes, from a residential apartment and detained three persons.

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According to PTI, “Bharuch A division police searched the house of one R L Modi and seized the money from him. The cash included Rs 14 lakh in Rs 2,000 notes, four notes of Rs 500 denomination, as well as notes of Rs 100 and Rs 50 denominations.”

Police said, “Two other persons detained along with him have been identified as Bina Modi and Ankit Modi”

by NewsGram team with PTI inputs

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Police Officials in Delhi are Forcing Bankers to Deposit or Exchange their Old currency for New money

Senior Delhi Police officers denied the allegations and said they had not received any complaint from any bank

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old notes to become illeagal by 2017
Indian Currency. Pixabay

New Delhi, November 25, 2016: Bankers here say that a section of police personnel are still forcing them to deposit or exchange their old currency for new money although the facility ended on Thursday midnight.

A few bankers IANS spoke to on the condition of anonymity said they were being pressured by police personnel in uniform to provide them new 500 and 2,000 rupee notes in lieu of the demonetised currency.

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Some bank employees who tried to approach senior police officers backed off after being told by the policemen that the money they wanted, converted or deposited belonged to their bosses.

[bctt tweet=””I have no option but to do what the policeman wants.”” username=””]

They (policemen) making such demands were those deputed outside to provide security to our bank. They are not bothered about our problems. They just want to exchange their old notes all the time, one senior officer of a state-run bank told IANS.

The officer admitted that for a few days after the demonetisation was announced on November 8 she did help the policemen change their old currency for new even after banking hours.

The officer, like the others IANS spoke to, said they did this because they felt sorry for the police personnel who spent the whole day trying to control the mobs outside.

A few policemen also related personal problems to generate sympathy.

But now they talk to my colleagues and me in a way that amounts to threatening us although not in so many words. I don’t know what to do, said one female bank officer.

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Senior Delhi Police officers denied the allegations and said they had not received any complaint from any bank.

The government announced on Thursday that exchange of the demonetised currency would cease from midnight of Thursday in all banks. The facility would, however, continue at RBI offices.

But the policemen seem to have no respect for rules, the bankers said.

Unable to handle the pressure caused by an ill-mannered cop, a relationship manager of another bank told IANS: I have no option but to do what the policeman wants.

The policeman threatened to go to the Income Tax Department and lodge a complaint against me. If my senior is not taking action against the policeman, why would I face unwanted problems, the bank official asked.

Another banker complained about a police sub-inspector who allegedly brings in friends all through the day and tells the bankers to exchange their old currency for new money.

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When we tell the policeman not to make us do such things, he argues with us, the bank employee told IANS.

All the bank employees insisted they should not be identified by name or designation and that even the names of their banks should not be revealed because they did not want to face the policemen’s wrath. (IANS)