In a yet another money laundering case, the Income Tax department on Thursday seized Rs 10 cr in old currencies along with 6 kg gold during a raid in Chennai. (Source: PTI)

In a yet another money laundering case, the Income Tax department on Thursday seized Rs 10 cr in old currencies along with 6 kg gold during a raid in Chennai. As per a report by ANI, the IT department has seized the huge amount of cash and gold from a jewellery dealer of imitation jewellery located in Periamet area in Chennai.

As per some officials, the department sleuths acted against him (the trader) based on a tip off about stashing of huge currency in the scrapped Rs 500 and Rs 1,000 old notes and the trader has been taken into custody for further questioning about the source of the huge cash haul.

In the ongoing raids against black money hoarders and hawala operators, till now the IT department and the Enforcement Directorate has seized over Rs 250 crore in unaccounted money.

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On Tuesday morning, local BJP leader Sushil Vaswani’s office and house in Madhya Pradesh were raided by Income Tax officials. As per local media reports, the leader came under the tax authorities scanner for allegedly depositing unaccounted money in his bank account. However, further clarifications are still awaited.

Last week, the income tax officers recovered around Rs106 crore in cash, including Rs10 crore in new currency, and 127 kg in gold bars, in multiple raids to check tax evasion and conversion of black money into white in Chennai.

On Sunday, shredded Rs 1,000 notes thrown away in a dustbin have been found by IT officials in Tiruchirapalli.