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Dec 09, 2016
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I-T raid at eight locations in Chennai; Rs 90 cr, 100 kgs gold seized
The Income Tax Department on Thursday raided premises belonging to three businessmen in Chennai 's T Nagar area and seized Rs 90 crore and 100 kgs gold.
According to reports, the I-T Department officials questioned businessmen Shekar Reddy, Srinivasa Reddy and Prem, who were allegedly involved in a money exchange racket. The seized currency includes newly introduced Rs 2,000 crore denomination notes.
Source -
http://www.business-standard.com
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