Rs. 2.3 crore worth cash seized in Karnataka

Bengaluru

21 Apr 2019

Karnataka: Cash worth Rs. 2.3 crore found inside spare tire

The Income Tax Department on Saturday seized cash worth Rs. 2.3 crore in Karnataka from a car, which was transporting the cash to Shivamogga and Bhadravathi from Bengaluru.

The cash was found stuffed inside a spare tire that was present in the car.

A video showing the officials taking out cash from a hole in the tire has surfaced on the Internet.

Here's more.

Here's the video of officials extracting money from spare tire

Love Bengaluru news?

Stay updated with the latest happenings.

Yes, notify Me

Statement

Cash in Rs. 2,000 denomination found stuffed inside: I-T dept

Cash in Rs. 2,000 denomination found stuffed inside: I-T dept

In an official statement, the I-T department said, "Based on credible intelligence that cash would be transported from Bengaluru to Shimoga and Bhadravati, a cash handler was intercepted and his vehicle was searched."

"Cash in Rs. 2,000 denomination has been found stuffed inside the wheel of the vehicle," it added.

Follow-up searches are underway and seizure of Rs. 60 lakh is expected in Bhadravati.

Purpose

Cash was collected for distribution during the election process

Four notes on average were missing from each bundle comprising 100 notes of Rs. 2,000 denomination, which is assumed as possible commission.

As per reports, the cash was collected for distribution during elections.

"A seizure of Rs. 1 crore has been made so far in this case. Both these were cases where the seized cash was meant for distribution during elections," said I-T department.

Details

Rs. 4 crore seized from Karnataka and Goa on Saturday

The I-T department on Saturday seized Rs. 4 crore from Karnataka and Goa, both states which will be going into polls in the third phase of the elections on April 23.

Earlier this week, the Election Commission of India had released data which states that cash and goods worth of over Rs. 2,600 crore have been seized until April 17.

Share this timeline

Share this timeline

Ask NewsBytes
User Image

Most asked questions

When are election scheduled in Goa and Karnataka?

How much cash and goods has been seized?

What is Model Code of Conduct?

When does MCC comes into effect?

More questions

When are election scheduled in Goa and Karnataka?

Asked 2019-04-21 15:22:22 by Ayaan Jhadav

Answered by NewsBytes

Both the states will be going into polls in third phase of the election on April 23.

How much cash and goods has been seized?

Asked 2019-04-21 15:22:22 by Harini Trivedi

Answered by NewsBytes

Earlier this week, the Election Commission of India had released data which states that cash and goods worth of over Rs 2,600 crores have been seized this Lok Sabha Elections until April 17.

What is Model Code of Conduct?

Asked 2019-04-21 15:22:22 by Vihaan Jindal

Answered by NewsBytes

Model Code of Conduct is a set of guidelines issued by the Election Commission to keep a check on the political parties in the run-up to the elections.

When does MCC comes into effect?

Asked 2019-04-21 15:22:22 by Surabhi Patil

Answered by NewsBytes

Model Code of Conduct comes into effect after the announcement of the elections.

Next Timeline