Skip to main content

₹70 crores of new currency seized in a big cash haul in Chennai

In what is one of the biggest seizures and also raises questions about the diversion of money as common man jostles to get a few thousands from the ATM's and their own accounts. The I-T sleuths seized about ₹90 crores from a few godowns including ₹70 crores of new currency notes in money that was converted at the behest of some influential politicians and bureaucrats, sources told NewsMobile.
While the I-T raids are good it remains to be seen if the real big fish will land into the I-T net as the front for the money were believed to be some Chennai based jewellers.
Senior Officials told NewsMobile that that the counting of notes was on and the amount may be bigger.

Comments

Post a Comment

Popular posts from this blog

Antonio Guterres, former PM of Portugal, sworn in as 9th UN Secretary-General

United Nations Secretary-General-designate Antonio Guterres of Portugal speaks to members of the media after being sworn in at UN headquarters in New York, U.S., December 12 2016. Former Portuguese Prime Minister Antonio Guterres was sworn in as the ninth United Nations Secretary-General on Monday. He pledged to personally help broker peace in various conflicts and reform the world body so that it becomes more effective. Guterres, 67, will replace South Korea's Ban Ki-moon on January 1 2017 after Ban steps down at the end of this year. He served as secretary-general of the UN for 10 years. Guterres served as the prime minister of Portugal from 1995 to 2002 and as the UN High Commissioner for Refugees from 2005 to 2015. "From the acute crises in Syria, Yemen, South Sudan and elsewhere, to long-running disputes including the Israeli/Palestinian conflict, we need mediation, arbitration as well as creative diplomacy... As part of my good offices I am ready to engag...
Post a Comment
Read more

India developing atomic submarines, says Pakistan

File photo for representational purpose | PTI
Post a Comment
Read more

Smartphones of the future: flexible designs and new uses

The Lenovo CPlus is a prototype smartphone that can roll up and be worn around your wrist. With Gartner predicting worldwide annual sales of more than 1.5 billion units, here a few ways that smartphone devices could evolve in the coming years. When Steve Jobs unveiled the first iPhone in 2007 (also known as the "iPhone 2G"), it broke all the codes of the mobile phone market at the time. The device caused a sensation with its 3.5-inch touch screen, which could be used without a stylus thanks to multi-touch technology. It offered Edge, WiFi and Bluetooth connectivity and ran its own operating system. The iPhone was even picked as the year's "Best Invention" by Time magazine. Little by little, the smartphone -- defined as a cell phone with a touchscreen, connected to the internet and able to be loaded with various applications -- took over from more basic flip-phone handsets with limited functionality. In 10 years, no other model has shaken up the m...
Post a Comment
Read more