ED issues notice to financier, asking to explain cash source

Enforcement Directorate today issued a notice to a private financer to explain the source of cash amounting to Rs 8.52 crore seized from his house here on Saturday last, officials said.
The ED and Income Tax officials also searched the house of Ramesh Parashuram Puriya, who was also summoned to appear before them, the officials said.
The money was suspectedly meant to be used to woo voters, according to officials who had carried out the raid. The team of officials from district administration, Income Tax Department and Election Commission, had also seized Rs eight crore worth National Savings Certificate bonds on that day.

Besides, Rs 20.30 lakh was confiscated from offices of the financier and Rs 4.30 lakh from his son's house.
The officials had also taken control of a godown belonging to the financier on the outskirts of Hospet town.
The Income Tax department had also issued notice to the financier.