STOCK MARKET BSE NSE

DVAC finds Rs 1.37 crore unaccounted cash from multiple entities

The officials also found silver worth Rs 1.5 lakh, diamonds worth Rs 5.4 lakh, and documents of property worth around Rs 7 crore.   

Published: 16th December 2020 05:09 AM  |   Last Updated: 16th December 2020 05:09 AM   |  A+A-

Rs 2000, cash,money

For representational purposes (Photo | PTI)

By Express News Service

CHENNAI/ERODE: Multiple raids conducted over the last two days, by different agencies on different entities, have unearthed crores worth undisclosed income. The Directorate of Vigilance and Anti-Corruption (DVAC) has found around Rs 1.37 crore unaccounted cash and 3kg gold in the house of superintendent in the State Environment Department. The officials also found silver worth Rs 1.5 lakh, diamonds worth Rs 5.4 lakh, and documents of property worth around Rs 7 crore.    

The DVAC personnel conducted similar searches and made seizures from several sub-registrar offices (SRO), including Vallam SRO  in Viluppuram (Rs 73,200), Andhiyur SRO in Erode (Rs 66,030), Vaniyambadi SRO in Vellore (Rs 94,000), and Guduvancheri SRO in Chengalpattu (Rs 1.75 lakh). The directorate said that in continuation to Monday’s surprise check at Guduvancheri SRO, the sub-registrar officer’s house in Chengalpattu was searched and unaccounted cash to the tune of Rs 11.55 lakh and 114 sovereigns were seized. 

Meanwhile, the Income Tax Department continued searches at the premises of Sri Pathy Associates Private Limited in Erode on Tuesday. The search that began on Monday night was based on a tip-off that the firm had stashed unaccounted cash. Sources said that around 35 officials from the Coimbatore, Erode, and Madurai I-T offices searched 10 places linked to Sri Pathy Associates. 


TAGS
DVAC raid

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp