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Bengaluru: Rs 42 crore found in former councilor's flat, packed in 23 boxes; Revealed in IT raid
The income Tax team in Karnataka's capital Bengaluru recovered an amount of Rs 42 crore while raiding a residence belonging to a former councilor. This money was kept hidden in 23 boxes. According to officials involved in the investigation, the cash was packed in boxes and hidden under the bed of a flat owned by the councilor.
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“Bengaluru: Rs 42 crore found in former councilor's flat, packed in 23 boxes; Revealed in IT raid”
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15 Oct 2023
The Income Tax Department i.e. IT achieved a big success on 13 October. IT officials raided the residence of a former councilor in Karnataka's capital Bengaluru and recovered an amount of Rs 42 crore. This money was kept hidden in 23 boxes.
IT officials said that an amount of Rs 42 crore was packed in boxes. It was then hidden under a bed in a flat owned by the former councilor.
The Income Tax Department team raided five places associated with the former councilor. News agency ANI, quoting sources, said that the flat where the cash was hidden is owned by a relative of the former councilor. The recovered amount was of Rs 500 denomination. It is suspected that the seized cash was to be used in the Telangana assembly elections.
