1. You Are At:
  2. Home
  3. India News
  4. Coalgate: I-T seizes Rs 25 cr found at Hindalco office

Coalgate: I-T seizes Rs 25 cr found at Hindalco office

New Delhi: Income Tax department today seized Rs 25 crore that was recovered by CBI here during searches at the office of Hindalco Industries, which has been booked by the agency for alleged corruption in

PTI [ Updated: October 17, 2013 18:32 IST ]
coalgate i t seizes rs 25 cr found at hindalco office
coalgate i t seizes rs 25 cr found at hindalco office

New Delhi: Income Tax department today seized Rs 25 crore that was recovered by CBI here during searches at the office of Hindalco Industries, which has been booked by the agency for alleged corruption in coal block allocations.






“The cash has been seized under Income Tax laws and further proceedings to check the source of the money are on,” an official said.

A Hindalco spokesperson, however, said the company is checking the details.

I-T will now ask the company to produce documents and validate the source of the recovered cash, sources said.

Live Indian Premier League (IPL) 2018: FULL COVERAGE

VIVO IPL 2018: Click here to get Live Score Updates, Ball-by-Ball Commentary, Schedule, Points Table, Match Timing and Match Analysis.

Promoted Content
four-years-of-modi-govt
Indian T20 League 2018