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Rs. 24 crore in Rs. 2000 notes seized on day 3 of I-T raids

The total seizure in the tax evasion case has now gone up to Rs. 164 crore.

December 10, 2016 01:13 pm | Updated December 05, 2021 09:02 am IST - Chennai

Sangeetha Kandavel
Sangeetha Kandavel
The cash seized by the Income Tax department on Thursday.

The cash seized by the Income Tax department on Thursday.

On day three of raids, Income Tax officials have seized Rs. 24 crore in Rs. 2000 notes from three men — J. Sekhar Reddy, Srinivasalu and Prem — in Vellore.

A senior Income Tax official who confirmed the news, said,  “We have unearthed more Rs. 2000 currency notes. We are investigating them on how they got these notes.”

Until Friday, the Investigation Directorate of the Income Tax Department had seized Rs. 96.89 crore in demonetised notes, Rs. 9.63 crore in Rs. 2000 notes and 127 kg of gold worth Rs. 36.29 crore in Chennai from the trio.

The taxmen began their search on December 8 at eight premises (six residential & two offices).

The searches are in progress.

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