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IT raids at eight locations in Chennai; Rs 70cr in new notes seized

Shobhit Kalra

Shobhit KalraBy Shobhit Kalra

Published on 8 Dec 2016 11:40 AM GMT

IT raids at eight locations in Chennai; Rs 70cr in new notes seized
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IT raids at eight locations in Chennai; Rs 70cr in new notes seized
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Chennai: Officials of the Income Tax department conducted raids at eight locations including Anna Nagar and T Nagar here on Thursday and busted a high-profile note exchange racket.

Sources from the IT department said that Rs 90 crore in cash, in which new currency amounting to Rs 70cr, have been recovered during the raids.

IT Department has also seized 100 Kgs of gold during the raids at eight locations.

Frequent raids are being conducted at various locations to recover the new currency notes being stashed after demonetisation.

Shobhit Kalra

Shobhit Kalra

Writer has 10 years of experience in digital media. Presently working as Chief Sub Editor at newstrack.com. An avid reader and always willing to learn new things and techniques.

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