I-T Dept Seizes Rs 4 Crore from Karnataka; Searches Underway in Goa
The Income tax department in Karnataka-Goa is continuing its proactive role in combating the role of money power in the ongoing Lok Sabha elections. Cash above Rs 4 crore has been seized in various searches carried out on Saturday. In Karnataka, a cash handler was intercepted, upon the receipt of credible intelligence that cash would be transported from Bangalore to Shimoga and Bhadravati. His vehicle was searched and cash worth Rs 2.30 crore was found stuffed inside the stepney wheel of the vehicle. Follow up searches are underway in Bhadravati where a further seizure of Rs 60 lakh is expected. In another I-T raid, the house of a bank employee in Navanagar, Bagalkot was searched and Rs 1 crore was seized. The intelligence received suggested that the person is accumulating cash for distribution for election purposes.