Income tax department officials raided an apartment in the city on Tuesday and seized Rs 2.89 crore in cash, including Rs 2.25 crore in Rs 2,000 denomination notes.
The seizure was made at a flat in RNS Shantinivas Apartments in Yeshwantpur.
The flat is owned by Manjunath Gowda, partner of The Sugar Factory night club at the Le Meridien hotel on Sankey Road. On credible information that a huge pile of cash was lying in the apartment, the income tax (I-T) officials visited the condo on December 12 and found an elderly woman "guarded by two dogs" staying in the flat.
"The woman refused to chain the dogs and did not cooperate with us," an official said.
The I-T department's investigation wing then visited the flat again on Tuesday, with police in tow, and found one of the rooms locked. With the elderly woman refusing to speak a word about the locked room, the officials enquired around and learnt that a man regularly visited the flat early in the morning. The sleuths discovered it was Manjunath, the owner of the flat.
They summoned him and opened the room in his presence where the unaccounted-for cash was stashed.
"A consequential survey was conducted by the Income Tax Department. The assessee claimed that the cash was part of the net proceeds from the night club. A survey was also initiated immediately in the club, with whom the said person is associated, to verify his claims which turned out to be incorrect," the investigators said.
On sustained interrogation, Gowda admitted that the money was part of his unaccounted income.
The cash has been seized and further investigation is in progress, an official said.
Rs 67 lakh found in Goa.
In second such case at Panjim in Goa, the I-T officials seized Rs 67.98 lakh in new Rs 2,000-denomination banknotes from a few individuals in Banda, off Maharashtra-Goa border.
The I-T department had specific information that a few people were engaged in exchanging demonetised currency with the new Rs 2,000 notes. A team of taxmen, pretending to get their old currency exchanged in a village called Kera, intercepted a two wheeler at around 11.30 pm. The suspects were carrying Rs 67.98 lakh in new currency.
"One person under whose directions the scooter was carrying the money has been
apprehended. Further investigation is on," an I-T press release said.
5 held in Delhi
Five people were arrested with Rs 3.25 crore in banned currency notes from a hotel in Karol Bagh in a joint raid conducted by Delhi Police's crime branch and Income Tax department officials.
Rs 29.86 crore seized so far
The Directorate General of Income Tax (Investigation), Karnataka and Goa, has so far seized Rs 29.86 crore in cash, 41.6 kg of bullion and 14 kg jewellery, since November 9. In a release, the directorate said that of the cash seized, Rs 20.22 crore was in Rs 2,000 notes. The directorate unearthed unaccounted-for income in excess of Rs 1,000 crore in 36 cases.
Use of old Rs 500 note ends today
The old Rs 500 notes cannot be used for paying bills or buying essential commodities from Thursday-Friday midnight, reports DHNS from New Delhi. From December 16 to December 30, these notes can only be deposited in the banks, according to an official statement.
![]( "Cash seized by income tax department officials.")
Income tax department officials raided an apartment in the city on Tuesday and seized Rs 2.89 crore in cash, including Rs 2.25 crore in Rs 2,000 denomination notes.
The seizure was made at a flat in RNS Shantinivas Apartments in Yeshwantpur.
The flat is owned by Manjunath Gowda, partner of The Sugar Factory night club at the Le Meridien hotel on Sankey Road. On credible information that a huge pile of cash was lying in the apartment, the income tax (I-T) officials visited the condo on December 12 and found an elderly woman "guarded by two dogs” staying in the flat.
"The woman refused to chain the dogs and did not cooperate with us,” an official said.
The I-T department’s investigation wing then visited the flat again on Tuesday, with police in tow, and found one of the rooms locked. With the elderly woman refusing to speak a word about the locked room, the officials enquired around and learnt that a man regularly visited the flat early in the morning. The sleuths discovered it was Manjunath, the owner of the flat.
They summoned him and opened the room in his presence where the unaccounted-for cash was stashed.
"A consequential survey was conducted by the Income Tax Department. The assessee claimed that the cash was part of the net proceeds from the night club. A survey was also initiated immediately in the club, with whom the said person is associated, to verify his claims which turned out to be incorrect,” the investigators said.
On sustained interrogation, Gowda admitted that the money was part of his unaccounted income.
The cash has been seized and further investigation is in progress, an official said.
Rs 67 lakh found in Goa.
In second such case at Panjim in Goa, the I-T officials seized Rs 67.98 lakh in new Rs 2,000-denomination banknotes from a few individuals in Banda, off Maharashtra-Goa border.
The I-T department had specific information that a few people were engaged in exchanging demonetised currency with the new Rs 2,000 notes. A team of taxmen, pretending to get their old currency exchanged in a village called Kera, intercepted a two wheeler at around 11.30 pm. The suspects were carrying Rs 67.98 lakh in new currency.
"One person under whose directions the scooter was carrying the money has been
apprehended. Further investigation is on,” an I-T press release said.
5 held in Delhi
Five people were arrested with Rs 3.25 crore in banned currency notes from a hotel in Karol Bagh in a joint raid conducted by Delhi Police’s crime branch and Income Tax department officials.
Rs 29.86 crore seized so far
The Directorate General of Income Tax (Investigation), Karnataka and Goa, has so far seized Rs 29.86 crore in cash, 41.6 kg of bullion and 14 kg jewellery, since November 9. In a release, the directorate said that of the cash seized, Rs 20.22 crore was in Rs 2,000 notes. The directorate unearthed unaccounted-for income in excess of Rs 1,000 crore in 36 cases.
Use of old Rs 500 note ends today
The old Rs 500 notes cannot be used for paying bills or buying essential commodities from Thursday-Friday midnight, reports DHNS from New Delhi. From December 16 to December 30, these notes can only be deposited in the banks, according to an official statement.
The seizure was made at a flat in RNS Shantinivas Apartments in Yeshwantpur.
The flat is owned by Manjunath Gowda, partner of The Sugar Factory night club at the Le Meridien hotel on Sankey Road. On credible information that a huge pile of cash was lying in the apartment, the income tax (I-T) officials visited the condo on December 12 and found an elderly woman "guarded by two dogs" staying in the flat.
"The woman refused to chain the dogs and did not cooperate with us," an official said.
The I-T department's investigation wing then visited the flat again on Tuesday, with police in tow, and found one of the rooms locked. With the elderly woman refusing to speak a word about the locked room, the officials enquired around and learnt that a man regularly visited the flat early in the morning. The sleuths discovered it was Manjunath, the owner of the flat.
They summoned him and opened the room in his presence where the unaccounted-for cash was stashed.
"A consequential survey was conducted by the Income Tax Department. The assessee claimed that the cash was part of the net proceeds from the night club. A survey was also initiated immediately in the club, with whom the said person is associated, to verify his claims which turned out to be incorrect," the investigators said.
On sustained interrogation, Gowda admitted that the money was part of his unaccounted income.
The cash has been seized and further investigation is in progress, an official said.
Rs 67 lakh found in Goa.
In second such case at Panjim in Goa, the I-T officials seized Rs 67.98 lakh in new Rs 2,000-denomination banknotes from a few individuals in Banda, off Maharashtra-Goa border.
The I-T department had specific information that a few people were engaged in exchanging demonetised currency with the new Rs 2,000 notes. A team of taxmen, pretending to get their old currency exchanged in a village called Kera, intercepted a two wheeler at around 11.30 pm. The suspects were carrying Rs 67.98 lakh in new currency.
"One person under whose directions the scooter was carrying the money has been
apprehended. Further investigation is on," an I-T press release said.
5 held in Delhi
Five people were arrested with Rs 3.25 crore in banned currency notes from a hotel in Karol Bagh in a joint raid conducted by Delhi Police's crime branch and Income Tax department officials.
Rs 29.86 crore seized so far
The Directorate General of Income Tax (Investigation), Karnataka and Goa, has so far seized Rs 29.86 crore in cash, 41.6 kg of bullion and 14 kg jewellery, since November 9. In a release, the directorate said that of the cash seized, Rs 20.22 crore was in Rs 2,000 notes. The directorate unearthed unaccounted-for income in excess of Rs 1,000 crore in 36 cases.
Use of old Rs 500 note ends today
The old Rs 500 notes cannot be used for paying bills or buying essential commodities from Thursday-Friday midnight, reports DHNS from New Delhi. From December 16 to December 30, these notes can only be deposited in the banks, according to an official statement.
Income tax department officials raided an apartment in the city on Tuesday and seized Rs 2.89 crore in cash, including Rs 2.25 crore in Rs 2,000 denomination notes.The seizure was made at a flat in RNS Shantinivas Apartments in Yeshwantpur.
The flat is owned by Manjunath Gowda, partner of The Sugar Factory night club at the Le Meridien hotel on Sankey Road. On credible information that a huge pile of cash was lying in the apartment, the income tax (I-T) officials visited the condo on December 12 and found an elderly woman "guarded by two dogs” staying in the flat.
"The woman refused to chain the dogs and did not cooperate with us,” an official said.
The I-T department’s investigation wing then visited the flat again on Tuesday, with police in tow, and found one of the rooms locked. With the elderly woman refusing to speak a word about the locked room, the officials enquired around and learnt that a man regularly visited the flat early in the morning. The sleuths discovered it was Manjunath, the owner of the flat.
They summoned him and opened the room in his presence where the unaccounted-for cash was stashed.
"A consequential survey was conducted by the Income Tax Department. The assessee claimed that the cash was part of the net proceeds from the night club. A survey was also initiated immediately in the club, with whom the said person is associated, to verify his claims which turned out to be incorrect,” the investigators said.
On sustained interrogation, Gowda admitted that the money was part of his unaccounted income.
The cash has been seized and further investigation is in progress, an official said.
Rs 67 lakh found in Goa.
In second such case at Panjim in Goa, the I-T officials seized Rs 67.98 lakh in new Rs 2,000-denomination banknotes from a few individuals in Banda, off Maharashtra-Goa border.
The I-T department had specific information that a few people were engaged in exchanging demonetised currency with the new Rs 2,000 notes. A team of taxmen, pretending to get their old currency exchanged in a village called Kera, intercepted a two wheeler at around 11.30 pm. The suspects were carrying Rs 67.98 lakh in new currency.
"One person under whose directions the scooter was carrying the money has been
apprehended. Further investigation is on,” an I-T press release said.
5 held in Delhi
Five people were arrested with Rs 3.25 crore in banned currency notes from a hotel in Karol Bagh in a joint raid conducted by Delhi Police’s crime branch and Income Tax department officials.
Rs 29.86 crore seized so far
The Directorate General of Income Tax (Investigation), Karnataka and Goa, has so far seized Rs 29.86 crore in cash, 41.6 kg of bullion and 14 kg jewellery, since November 9. In a release, the directorate said that of the cash seized, Rs 20.22 crore was in Rs 2,000 notes. The directorate unearthed unaccounted-for income in excess of Rs 1,000 crore in 36 cases.
Use of old Rs 500 note ends today
The old Rs 500 notes cannot be used for paying bills or buying essential commodities from Thursday-Friday midnight, reports DHNS from New Delhi. From December 16 to December 30, these notes can only be deposited in the banks, according to an official statement.