CHENNAI : In possibly the biggest seizure of gold by flying squad officials in Tamil Nadu, about 1,425kg of gold bars worth more than Rs 900 crore were seized by a team of officials from a van near Vandalur in Sriperumbudur constituency on Saturday.
Around 5pm on Saturday, flying squad officials stopped a car and a van travelling from Minjur to Sriperumbudur on the Minjur-Vandalur Outer Ring Road (ORR) on suspicion.
The gold bars were found packed in boxes in the armoured van. While an armed guard and a driver were travelling in the van, one more person was travelling in the car.
According to sources, the people travelling in the vehicles, who claimed that they were associated with a cash management company, told officials that they were transporting the consignment to a warehouse in Sriperumbudur owned by their company.
According to officials, the occupants of the vehicles had documents including receipts and customs clearance letters for only around 400kg of gold. Information regarding the rest of the 1,025 kg of gold was incomplete. Full details will be available only after further investigations, officials said.
Income tax officials have been informed and the van and the car have been taken to the Sriperumbudur revenue divisional office for investigation by I-T officials and district election officials, sources said.
Rs 1cr found in panchayat prez’s home
Based on a tip-off, an election flying squad seized Rs 1 crore cash from the house of Ettarai panchayat president Divya Anbarasan, who belongs to AIADMK, on Friday night. Dhivya’s husband Anbarasan is the brother of former minister and AIADMK Tiruchy north district secretary M Paranjothi.