News Karnataka
Monday, December 11 2023

IT discovers crores in cash hidden beneath bed in Bengaluru Flat

IT raid
Photo Credit : IANS

Bengaluru: In a startling discovery, officials from the Income Tax Department unearthed a significant amount of cash hidden beneath a bed in a flat in Bengaluru. The department is currently interrogating a former woman corporator and her husband in connection with the case.

Reports suggest that substantial funds, collected from various sources including gold jewelers, are being amassed in Bengaluru to finance upcoming Assembly elections in five states, particularly in Rajasthan. Acting on this information, the IT Department conducted raids in the city, leading to the discovery of Rs 42 crore in cash.

The cash, consisting of Rs 500 denomination notes, was found neatly packed in 23 boxes under the bed in a flat located in Atmananda Colony near RT Nagar. The flat, reportedly unoccupied, became the focus of the raid after specific tip-offs.

While details about the flat owner remain undisclosed, the IT officers are currently questioning the former corporator and her husband, with the latter being a contractor associated with the Contractor’s Association. The contractor had previously accused the previous BJP government of taking a 40% commission on projects and made corruption allegations against several political leaders. Further investigations are underway to unravel more details about this incident.

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