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Taxation
 
I-T raid at eight locations in Chennai; Rs 90 cr, 100 kgs gold seized
09-Dec-2016

The Income Tax Department on Thursday raided premises belonging to three businessmen in Chennai 's T Nagar area and seized Rs 90 crore and 100 kgs gold. According to reports, the I-T Department officials questioned businessmen Shekar Reddy, Srinivasa Reddy and Prem, who were allegedly involved in a money exchange racket. The seized currency includes newly introduced Rs 2,000 crore denomination notes.

News Source:- http://www.business-standard.com/article/current-affairs/rs-90-cr-100-kgs-gold-seized-in-chennai-it-raid-116120800844_1.html
 
 
 
 
 

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