New Delhi: A month after the implementation of demonetisation drive, the volume of cash and gold seized by the Income Tax department across the country has swelled beyond imagination.
In their attempt to beat the money launderers, sleuths from the I-T department and Enforcement Directorate (ED) have conducted raids at several places across the country and managed to recover huge amount of cash and gold.
While long serpentine queues are still seen in front of banks and ATMs, the clever and the powerful have minted enough money by unfair means.
Though, the recent raids have revealed the nexus between some corrupt bank officials and money launderers, it may be the tip of the iceberg.
The amount of black money and gold seized since November 8 has shocked the nation.
Here is a list of the cash and gold seized by the IT department, ED and policemen across the country:Axis Bank saga: On December 9, the Income Tax officials carried out raid at the Chandni Chowk branch of the bank in Delhi and identified at least 44 fake bank accounts in which a total of Rs 450 crore has been deposited since November 8 when Prime Minister Narendra Modi announced the demonetisation of Rs 500 and Rs 1000 notes.Bengaluru: In a startling catch, the Income Tax department on December 10 seized Rs 5.7 crore cash in new notes, 32 kgs of gold biscuits and jewellery and Rs 90 lakh worth old notes stashed inside the bathroom tiles of a hawala dealer in
#WATCH IT dept seizes 5.7cr in Rs 2000 notes,90 lakh in old notes,32kg bullion frm secret bathroom chamber in Chitradurga & Hubballi #K'taka pic.twitter.com/8N0Wjsc8Ih? ANI (@ANI_news) December 10, 2016
Delhi: Delhi Police seized over Rs 3.6 crore in demonetised currency from three people in north Delhi’s Kashmere Gate on November 23. A Honda City car in which the three men were moving with the cash was also seized. Those detained include a jeweller, a chartered accountant and his assistant. In another incident, the Delhi Police on November 19 seized demonetised currency notes worth Rs 49 lakh from a man who was allegedly taking the cash to Haryana through the Tikri border in west Delhi.Chennai: Income Tax officials seized unaccounted assets worth Rs 144 crore, which included Rs 10 crore in new currency notes and gold bars weighing 127 kilograms, during searches at multiple locations in Chennai.Bengaluru: On December 1, 2016, IT department confiscated over Rs 4.7 crore during searches at several places in Bengaluru and other locations. During the course of searches Rs 5 crore and 7 kg bullion worth approximately Rs 2 crore were found in a flat owned by a civil contractor.Maharashtra: Income Tax department sleuths reportedly seized Rs 91 lakh cash from Maharashtra Cooperative Minister Subhash Deshmukh.Odisha: On December 4, Odisha Police busted a currency exchange racket in scrapped notes with the seizure of over Rs 1.42 crore and arrest of eight persons in Sambalpur district.Himachal Pradesh: Police seized cash amounting to Rs 76 lakh in denominations of Rs 500 and Rs 1,000 currency notes from a private car (HP-58A-7707) at Dhanotu near Sundernagar at a check post on November 10, 2016.ALSO READ: Parliament Logjam on Note Ban: Why a Breakthrough Never Happened
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