I-T Dept found cash in one of two locations after getting a tip-off
As per sources, the Income-Tax Department found cash amounting to crores beneath the bed at a flat in Bengaluru on Friday.
The vast amount of money is being collected from gold jewelers and other sources in Bengaluru to fund Assembly elections in five states, especially in Rajasthan, as per sources.
After getting a tip-off the I-T officers conducted raids at two locations in RT Nagar and they found the cash in one of the locations.
The cash, amounting to Rs.42 crore, was found during a raid conducted late on Thursday night at a flat located in Atmananda Colony near RT Nagar.
The I-T officers are questioning a former woman corporator and her husband in connection with the case.
Sources said that Rs.500 denomination notes to the tune of Rs.42 crore were kept in 23 boxes under the bed.
Sources stated that the flat was empty and no one lived there, however, the I-T sleuths are tight-lipped about the details of the flat owner.
According to sources, the husband of the corporator is a contractor and he is part of the Contractor’s Association which accused the previous BJP government of taking 40 percent commission on projects.
The contractor had also made allegations of corruption against many political leaders. More details are yet to emerge regarding the incident.
[With Inputs from IANS]
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