NEWS
18/12/2016 9:26 AM IST | Updated 18/12/2016 9:33 AM IST

IT Seizes ₹400 Crore From Tea Seller-Turned-Financier In Surat

Busted.

Indian new 2000 and 500 Rs Currency Note in isolated white background
Getty Images/iStockphoto
Indian new 2000 and 500 Rs Currency Note in isolated white background

SURAT -- The Income Tax Department on Saturday raided the premises of city-based tea seller-turned-financier Kishore Bhaijyawala and seized cash worth approximately ₹400 crores, including cash, bullion, jewellery and property papers from his possession.

The IT search was on on Bhajiyawala's premises by the time of filing this report.

Meanwhile, the Enforcement Directorate (ED) seized ₹30 lakh, of which ₹18 lakh were in new currency notes and 2.5 kg gold from the premises of a tailor in Mohali and Chandigarh.

(More details awaited.)

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