Friday, October 20, 2006

Radisson MD, son held with Rs 2.8 cr

Hyderabad: Following specific inputs from the Income Tax department’s Air Intelligence unit, officials detained Radisson Hotel’s group managing director Ramesh Kapoor and his son with Rs 2.8 crore in cash at the Rajiv Gandhi international airport here on Thursday.
Both were travelling from Delhi to Hyderabad by an Indian Airlines morning flight. They were carrying two handbags full of Rs 1,000 notes to buy property in Hyderabad.
Officials have also identified a Hyderabad-based contact person, who is still at large. Director general of Income Tax (investigation) Muntasir Ahmed said the amount recovered was the highest in airport operations, carried out by the air intelligence unit in recent times. However, no arrests have been made so far, he said.
20/10/06 Financial Express
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