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Delhi: Income Tax dept seizes cash, jewellery worth Rs 61 crore from a private company's locker

The Delhi Directorate of the Income Tax Department made the huge seizure, which included bullion and jewelry, from a safe deposit vaults named U & I Vaults Limited.

Edited by: India TV News Desk, New Delhi [ Updated: January 11, 2018 15:14 IST ]
The income tax department has initiated an investigation to
The income tax department has initiated an investigation to dig deeper to find out the owner and source of the seizure, as part of its crackdown against black money.

Income Tax department on Thursday seized cash and jewellery worth Rs 61 crore from a private company's locker in South Extension area in Delhi. As per sources, the money belonged to a Gutkha manufacturer and builder. 

The Delhi Directorate of the Income Tax Department made the huge seizure, which included bullion and jewelry, from a safe deposit vaults named U & I Vaults Limited.

The tax department has initiated an investigation to dig deeper to find out the owner and source of the seizure, as part of its crackdown against black money. 

More details are awaited.

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