Saturday, November 19, 2016

Two flyers carrying cash detained

Income Tax sleuths are keeping a close watch on various transactions, including movement of cash, jewellery and bullion, in the city post demonetisation.

They recently seized cash, bullion and incriminating documents from a financier in Yelahanka. “The unaccounted income detected in this case so far is Rs. 16 crore,” said a statement from the department.

Apart from this, they detected a difference in stock, worth Rs. 11 crore, at three branches of a leading jewellery chain.

Sleuths have intercepted two persons travelling with unaccounted cash and gold at Kempegowda International Airport.
19/11/16 The Hindu