Bengaluru, Oct. 13 (IANS): Income Tax Department sleuths discovered cash worth crores below the bed in a Bengaluru residence, sources said on Friday. A former lady corporator and her husband are being questioned by the IT authorities in relation to the matter.
According to reports, a significant sum of money is being raised in Bengaluru from gold jewellers and other sources to finance Assembly elections across five states, particularly in Rajasthan. The IT Department is conducting raids throughout the city after receiving tips in this respect.
A search late on Thursday night at a residence in Atmananda Colony close to RT Nagar turned up the cash, totaling Rs 42 crore. According to sources, 23 boxes beneath the bed contained 42 crore rupees worth of Rs 500 notes. The cash was discovered in one of the two places that the IT officers raided in RT Nagar after receiving a tip.
According to sources, the apartment was vacant and uninhabited; nonetheless, the IT sleuths remain mum on the apartment’s owner. Following this development, the former corporator and her spouse are being questioned by the IT officials at their home. Sources claim that the corporator’s spouse is a contractor and a member of the Contractor’s Association, which has accused the previous BJP administration of receiving a 40% commission on contracts.
The contractor had also accused other political figures of wrongdoing. Regarding the occurrence, further information is yet to come to light.