“A search was conducted by the Income Tax department on a resident of Yeshwantpur, Bengaluru and unaccounted cash worth Rs 2.89 crore was seized. The cash includes Rs 2.25 crore in new Rs 2,000 notes. A survey was also conducted by the IT officials. The person concerned admitted the amount belonged to him,” said the IT department in Bengaluru.
The IT officials received a tip off about a large cache of cash stored in an apartment, where only an old lady lived with her two dogs. On December 13, when IT officials tried to raid the flat, they were stopped by the old lady, who let the two dogs loose.
With great difficulty, the officials entered the flat with the help of the police and other inmates of the apartment, and found one room to be locked.
“It was later found that a man visits the flat at wee hours and he was summoned. The room was broken and the cash tumbled out,” said the IT officials.
The man under detention claimed the money belonged to a club in the vicinity. A subsequent raid in the club proved that the alibi was false.
Finally he admitted that the money belonged to him. The entire unaccounted cash has been seized and further investigation is in progress, said IT officials.