Income Tax Department, in an official statement said that following the raids on VG Siddartha, owner of Cafe Coffee Day and son-in-law of former External Affairs minister SM Krishna, which ended on Sunday, he admitted to having more than Rs 650 crores of undisclosed income.

“The searches in a group involved in coffee, tourism, information technology and other areas concluded, with an admission of previously concealed income exceeding Rs 650 crore. The detection of undisclosed income is expected to be a much higher figure,” read an official communication from Income Tax Department.