Home > News > Bengaluru: Income Tax Raids on babus unearth Rs 43crore black money in new notes, ACB seeks details

Bengaluru: Income Tax Raids on babus unearth Rs 43crore black money in new notes, ACB seeks details

ACB raids in Bengaluru! The decision to demolish the old currency notes of RS 500 and Rs 1000 for the motive to wash out black money seems to leave it adverse effects. Recently in Bengaluru, the Income Tax department raided in two houses of government officials in the last two days. The Anti- Corruption Bureau termed as ACB has made an official request to give the information of the report.

The common people are seen suffering to get the new currency notes and are seen restricted with limitations. Then how can so many amounts at once can be acquainted by the government officials?  Not only this, the It officers also seized about 5 kgs of jewellery along with the Lamborghini car.This resulted in shocking results and the information has been shared further with the ACB.

Income Tax Raids on babus unearth Rs 43crore black money in new notes, ACB seeks details:

ACB raids and seized the unaccounted cash found in Bengaluru!
ACB raids and seized the unaccounted cash found in Bengaluru!

As per the raids, the IT officers has come to a notice that an unaccounted cash amount of Rs 6 crore were seized by the It department. The Rs 6 crore amounts consisted of Rs 4.5 crore new higher denomination notes of Rs 2000 which puts a big question to doubt.

After compiling with the passed information, the ACB team is likely to Suo moto case against the two government officials and would call for a separate probe into the case says the sources. The two government officials whose houses were raided are S.C. JayaChandra, Chief project officer of Karnataka State Highways Development and the other one Managing Director of Cauvery Neeravari Nigam, T.N.Chikkarayappa. The readers can see the photo of S.C. JayaChandra along with his wife which was unloaded on the social site by D.C.

The IGP of ACB, Mr M.A.Saleem said to DC team that,” We have already written to the IT department in this regard. Once they send the report, we will examine the details and then decide the future course of action.” The two government officials will be imposed under strict action taken under the Prevention of Corruption Act. The ACB team is waiting for the reports and will the take the further step ahead.

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