Chaiwala turned financier held with Rs 10 crore assets

The Income Tax department (I-T) sleuths, who conducted the searches on Saturday at the premises of the tea seller, recovered cash of Rs 1.45 crore, with new currency being at 1.05 crore, gold bars worth Rs 1.49 crore, gold jewellery valued at Rs 4.92 crore, other ornaments worth Rs 1.39 crore and silver ingots priced at Rs 1.28 crore.

“The total value of the assets seized from the financier, who earlier worked as a ‘chaiwala’, is Rs 10.50 crore,” I-T sources said as they refused to reveal the identity of the person citing ongoing probe. 

They added that while 13 of his bank lockers have been opened till now, four more are in the process to be opened and the expected seizure of assets may increase.