Don’t miss the latest developments in business and finance.

Rs 4.79 crore unaccounted cash seized in TN

Image
Press Trust of India Chennai
Last Updated : Apr 25 2016 | 10:42 PM IST
Election authorities today seized nearly Rs five crore cash in two different places as raids and searches to check transportation of unaccounted money, gold and other valuables continued in poll-bound Tamil Nadu.
Chief Electoral Officer Rajesh Lakhoni said the cash seizures were made in Krishnagiri and Nagapattinam districts. Besides, a merchandise of footwear was impounded here.
Cash to the tune of Rs 3.39 crore and 245 grams of gold were seized from a private school under Uthangarai constituency in Krishnagiri district, he told reporters here.
In the second haul, Rs 1.4 crore cash was seized from two bus passengers in Nagapattinam by election authorities, he said.
He also said raids were being conducted in a jewellery showroom in Coimbatore following a tip-off that a political functionary had 'ordered' nose studs in bulk quantity.
Yesterday, electoral authorities and Income Tax officials had seized an undiscolsed amount from a person here, reported to be around Rs four crore. The value of the seizure could be stated only after the cash was counted.
He had also said that about Rs 11.33 crore had been recovered after searches at some places in Karur, Coimbatore and Chennai on April 23.
Ahead of the May 16 elections, a strict vigil is being maintained by the Election Commission against transportation of unaccounted money, gold and illegal money transactions.

Also Read

First Published: Apr 25 2016 | 10:42 PM IST

Next Story