IT seized Rs.31.5 crore cash since March 27

Team Udayavani, May 11, 2018, 11:43 AM IST

Bengaluru: A total of Rs 31.5 crore of unaccounted cash and gold jewellery worth Rs 5.83 crore were seized by the IT sleuths since March 27.

Addressing the meet, Income Tax Joint Commissioner G. Ramesh said,”The department has seized Rs 31.5 crore unaccounted cash and Rs 5.83-crore worth jewellery, since the model code of conduct came into force from March 27.

The valuables seized in six weeks is six fold more than what was collected back in 2013 assembly elections, he said.

“The raids are carried as per rules and after ensuring that a particular search was required. The proceedings cover the entire political spectrum and are conducted impartially, respecting the privacy of the searched person in the presence of witnesses,” said Ramesh.

The department kept a watch on bank and cash transactions, including contract payments and others deals during the period.

“Our intelligence at airports, railway stations and bus terminals has been strengthened and is functioning in coordination with other law enforcement agencies,” the IT Department said.