Chennai: A fresh seizure of Rs 24 crore cash in new notes was today made by the Income Tax department, adding to the biggest haul of cash and gold post demonetisation, in which over Rs 142 crore unaccounted assets have been recovered in tax operations so far here.
Officials said the fresh seizure of new currency, in Rs 2000 notes, was made by the sleuths from a car in Vellore on the insistence of the accused presently being interrogated in the case.
With this amount, the total seizure in the case has now gone upto Rs 166 crore in a single case.
The department had seized Rs 142 crore undisclosed assets – that includes about Rs 10 crore in new notes and gold bars weighing 127 kg — during searches at multiple locations in Chennai, for the last two days, to check tax evasion.
This largest seizure of new currency notes in the country, after the old Rs 500/1,000 notes were scrapped on November 8, was seized after raids were launched on Thursday on eight premises of a group engaged in sand mining in Tamil Nadu.
“The group has sand mining licence for the entire state of Tamil Nadu. Eight premises (six residential and two offices) were covered in the search.
