News India Delhi: Huge amount of cash recovered from private company's lockers in Chandni Chowk

Delhi: Huge amount of cash recovered from private company's lockers in Chandni Chowk

Out of 300 lockers, the department has opened 140 lockers, discovering 35 crores of unaccounted cash.

Cash worth crore recovered from a private company's locker in Chandni Chowk

India TV News Desk New DelhiDecember 07, 2018 1:31 IST

Income Tax department has recovered cash worth crores from lockers of a private locker company in Chandni Chowk area of Delhi on Thursday.

Out of 300 lockers, the department has opened 140 lockers, discovering 35 crores of unaccounted cash.

During the month long investigation, the department has found out 30 unidentified lockers, having cash worth 10 crores.

Fakir Chand Lockers and Vaults Private Ltd. has dismissed the allegations levelled against it, claiming adherence to RBI guidelines.

The investigtion has revealed that some lockers have been alloted without KYC.