Raid conducted on suspicion of cash hoarding
Pandavapura: The Income Tax (I-T) officials, on Sunday, have raided the house of a chicken trader at Jakkanahalli in the taluk on suspicion that the trader was hoarding cash.
About six I-T officials conducted the raid on the house of chicken trader Ravi, who is also a JD(S) leader at 2 pm and examined various documents till 9 pm.
Ravi runs a fruit and chicken shop at Jakkanahalli and is also a chicken distributor. Suspecting that Ravi may be hoarding cash for the election, the I-T officials are said to have raided his house.
During the raid, the I-T officials found Rs. 10 lakh cash for which Ravi gave documents for Rs. 5 lakh.
As there were no documents for Rs. 5 lakh cash, the I-T officials have seized the cash and have asked Ravi to produce documents for the same besides instructing him to come to Mysuru on Wednesday.
This post was published on April 2, 2019 7:35 pm