Another major haul of black money from Delhi hotel

seizedIn a joint operation conducted by the Income Tax department and the Crime Branch, Rs 3.25 crore in old notes was seized from a hotel in Karol Bagh area in Delhi, news agency ANI reported. The money reportedly belongs to Mumbai-based hawala operators. While five people have been arrested, the Income Tax department is conducting further inquiry.

The seizure follows a string of raids across the country in which alleged unaccounted money has been recovered from various places. The raids are being conducted by the Income Tax department in consonance with the government’s drive to flush out black money in the wake of demonetisation of old Rs 500 and Rs 1000 currency notes.

Some of the biggest seizures include Rs 13.65 crore (incl Rs 2.60 crore in new Rs 2,000 notes) unearthed from a law firm in Delhi, a haul of Rs 5.7 crore in new notes of Rs 2000 from a JD(S) functionary, Rs 1.33 crore haul in new notes from eight businessmen in three separate raids in Thane and Navi Mumbai and Rs 76 lakh from three men and a woman in a car in Gujarat.

 

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