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

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Income Tax Department Raids in NCR. ians
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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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