Representative image 
Tamil Nadu

After 4 days of raids, I-T claims seizure of Rs 29 cr cash from Velu’s premises

The disclosure of seizure — which the I-T department was aiming for in hundreds of crores of rupees in cash — came hours after DT Next carried a report saying that the search operation was failure because of leaked information.

DT NEXT Bureau

CHENNAI: After four days of search operation at the premises linked to Tamil Nadu Minister EV Velu, the I-T department on Monday claimed that they have seized Rs 29 crore cash besides a lot of incriminating documents. This seizure has happened despite the leak of information about the search operation to the concerned parties from a senior I-T officer.

The disclosure of seizure — which the I-T department was aiming for in hundreds of crores of rupees in cash — came hours after DT Next carried a report saying that the search operation was failure because of leaked information.

Search at Velu and associates yielded incriminating materials & documents which showed that several hundreds of crores of tax evasion. More than Rs 22 crore cash seized from Arunai group of Velu and their close associates. Searches at the offices of two real estate developers resulted in the seizure Rs 7 crore, officials claimed.

Also Read

TN raises monthly contingency funds for police stations to reduce corrupt practices

Return of people after holidays to Chennai triggers traffic congestion near Kilambakkam bus terminus

HIGHLIGHTS | Tamil Nadu rains: Schools closed in 5 districts, including Chennai, as twin low-pressure areas loom

Delhi HC to urgently hear pleas by CJP's Saurav Das, Ashutosh Ranka, AISA's Neha Bora

SBI data breach: PSU bank confirms 3,897 customer records exposed on dark web

SCROLL FOR NEXT