I-T dept seizes Rs 85cr cash, bullion from illegal Delhi vault

Agencies
January 13, 2018

New Delhi, Jan 13: A total of Rs 85.2 crore in cash, bullion and jewelley have been seized by the Income Tax Departmentafter it searched a private vault in Delhi as part of its anti-black money drive.

A fresh seizure of over Rs 23 crore in gold jewellery, biscuits, precious stones and cash was made yesterday by the sleuths of the investigation wing from the vault, official sources said.

Assets worth more than Rs 61 crore were seized by the department over the week from multiple lockers located in the private vault in the South Extension area of Delhi.

Sources privy to the operation said out of the total Rs 85.2 crore stash seized, Rs 8 crore is in cash (mostly Rs 2000 notes) while the rest is bullion, jewellery, diamonds and other precious stones.

The assets allegedly belong to some high networth (HNIs) individuals from Delhi like a builder, a gutkha trader and some businessmen based in the national capital.

They said that the department has initiated proceedings for tax evasion and under the benami assets law against the illegal vault holders.

"The case pertains to black money detected post demonetisation and some others being probed under the new anti-benami law.

"The lockers have been opened now and unaccounted assets seized," a senior official said.

The assesses did not allegedly declare these assets to the taxman and concealed them in these vaults.

Private lockers or vaults, that operate like normal bank lockers, are illegal and not recognised under the law.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
July 15,2020

Mumbai, Jul 15: A domestic row between a couple spilled onto road when a woman stopped her husbands car and climbed on its bonnet, briefly disrupting traffic on the busy Pedder Road in South Mumbai, police said on Wednesday.

The incident, which took place on Saturday evening, was recorded by some passersby on their mobile phones and its videos are making rounds on social media.

The wife chased the husband's SUV (sports utility vehicle) in her car after she spotted another woman seated next to him in his vehicle.

As her husband's SUV stopped at the Pedder Road signal, the wife get down from her car, rushed towards his four-wheeler and started shouting at him, a police official said.

In the video, the woman is seen climbing the bonnet of the SUV, removing her footwear and hitting the vehicle's windshield with it. She is also seen asking the husband's co- passenger to get out of the SUV and shouting for police help.

As she stopped her car in the middle of the busy road, one lane got blocked for some time and the traffic police personnel present there tried to ensure movement of other vehicles, the official said.

After sometime, the traffic police asked the couple to take their cars near the footpath.

By that time, the husband stepped out of his SUV, following which the wife ran towards him and caught him. She even kicked him a couple of times and took him to her car, the video shows.

She then again ran towards her husband's SUV, which was parked a few metres away. She opened its driver-side door and lunged at the woman seated in the vehicle, but was stopped by some people who had gathered at the spot, the police official said.

Later, the couple and their cars were taken to Gamdevi police station, where the wife refused to lodge a complaint against her husband.

A fine was imposed on her for traffic rules violation and abandoning her car in the middle of the road, which caused disruption of vehicular movement, the official said.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
April 9,2020

Gonda, Apr 9: A man allegedly committed suicide by hanging himself from the ceiling of his room as he was missing his wife stuck at her parents' place due to the lockdown, police said.

The incident took place in Radha Kund locality here on Wednesday, they said, adding the deceased has been identified as Rakesh Soni, 32.

As per information, Soni's wife had gone to her parents' place and was stuck there due to the lockdown and he was missing her due to which he committed suicide, Inspector Alok Rao said.

A probe is on in the mater, he said.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
May 28,2020

Hyderabad, MAY 28: A three-year-old boy who accidentally fell into a newly drilled open borewell in Telangana's Medak district was found dead in the early hours of Thursday, police said.

The kid's body was retrieved at around 4 am after a nearly 10 hours' long rescue operation involving different agencies, they said.

"He died a while before we evacuated him, most likely due to the mud that covered him from the top sealing off necessary oxygen supply, " Medak District Superintendent of Police Chandana Deepti told PTI.

The boy had accidentally slipped into the 120- feet borewell at around 5 pm on Wednesday in an agricultural field located in Papannapet mandal of the district when he was walking with his grandfather and father, police earlier said.

As part of rescue efforts, a parallel trench was dug along the borewell hole with the help of earth excavating machines and oxygen was supplied into it, but the efforts went in vain as the boy's body was found stuck at a depth of around 25 feet, the police said.

Apart from the police, National Disaster Response Force (NDRF) personnel were also involved in the rescue operation.

The borewell into which the child fell was one among the three dug by the family since Tuesday night to try and find water for their fields. But none of them yielded any water, police had said.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.