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IT Raids Unearth Rs 15 Cr Cash, Jewellery Worth Rs 5 Cr in Poll-bound Karnataka


Published By: Kavya Mishra

Last Updated: May 06, 2023, 18:41 IST

The Income Tax Department has seized Rs 15 crore cash. (PTI)

The raids were conducted on premises located in Shanthi Nagar, Cox Town, Shivaji Nagar, RMV Extension, Cunningham Road, Sadashiva Nagar, Kumarapark West and Fairfield Layout in Bengaluru

The Income Tax Department has seized Rs 15 crore cash and Rs five crore worth of jewellery after raids at multiple locations in Bengaluru and Mysuru, targeting a few financiers who have allegedly mobilised resources for funding candidates in the May 10 Karnataka Assembly elections, sources in the I-T department said on Saturday.

The raids were conducted on premises located in Shanthi Nagar, Cox Town, Shivaji Nagar, RMV Extension, Cunningham Road, Sadashiva Nagar, Kumarapark West and Fairfield Layout in Bengaluru on Friday, the sources added.

“These raids have resulted in the seizure of the huge amounts of unaccounted cash and jewellery stashed in secret hideouts,” they said.

Read all the Latest India News and Karnataka Elections 2023 updates here

(This story has not been edited by News18 staff and is published from a syndicated news agency feed)



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