New Delhi : The income-tax department on Friday seized about Rs 11 crore cash as part of its multi-city raids at 44 premises in the tax evasion probe against a broker and others said to be involved in the high-profile co-location case, official sources said.
They said the cash, hidden in various wooden cavities of furniture and other items, was recovered and seized from the Delhi premises of a broker, identified as Sanjay Gupta, and his business partner. Gupta did not reply to queries sent by the PTI. His phone as well as that of his family members were switched off.
A major chunk of the Rs 11 crore seizure from three locations in Delhi was from the place of Gupta’s business partner.
Nearly Rs 10 crore was found in a cavity beneath a staircase at one of the premises that was searched, officials said. The notes were stashed in wooden cupboards and are largely in the denomination of Rs 2,000, they said, apart from Rs 500 and others.
