Trader held at Airport

Srinagar: The recently established Air Intelligence Unit (AIU) of Income Tax department Friday arrested a trader Rajeev Arora of Amritsar for carrying unaccounted money worth Rs 55 lakhs.
The IT officials said Arora was detained while he was to board a flight. “From his possession we recovered cheques and cash worth Rs 55 lakhs,” they said.
Arora told IT officials that he had collected it from the green tea traders here.
Income tax Officer Satbir Singh told Rising Kashmir that the trader could not give details about the amount and cheques seized from his possession.
“He was carrying 13 lakhs in cash and cheques worth 42 lakhs without any proper billing or receipts. Besides, he was carrying the bearer cheques, which could be cashed by any person,” he said.
26/02/10 Rising Kashmir

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Categories: Airports Feb 2010