The raids at the residence of Congress' KB Koliwad come in the run-up to assembly bypolls in 15 segments in Karnataka following the disqualification of the MLAs from Congress and the JD(S) which led to the toppling of the coalition government and installation of the BJP government led by Chief Minister B S Yediyurappa.
Informed sources said the team carried out the raids at the offices located in the Old City's Bohri Kadal area and Nowgam in the outskirts of the city. However, the reason for the raids remains unknown.
The Income-Tax Department Friday conducted searches at multiple locations in Tamil Nadu on suspicion of alleged illegal cash being pumped in to lure voters in the poll-bound state and seized cash of about Rs 15 crore, officials said.
Incriminating evidence found during the searches resulted in the defaulters admitting to Rs 109 crore unaccounted income.
Actors Shivarajkumar and Puneeth Rajkumar, sons of Kannada thespian late Rajkumar, and Yash and Sudeep came under the I-T lens.
This comes after recovery of Rs 163 crore cash and about 100-kg bullion following raids earlier this week at multiple premises of a road construction firm in Tamil Nadu.
The investigation wing of the Delhi Directorate of Income Tax on Friday raided the premises of U&I Vaults Limited, and seized items worth Rs 21.2 crore.
The agency had on Thursday issued fresh summons to Karti after he skipped his appearance before it in connection with the money laundering probe.
The IT department will look at the routing of funds within India whereas other agencies will look into the routing of money outside India, the official said.
The searches are being conducted in connection with unexplained routing of cash post-demonetisation through shell companies allegedly connected to Sasikala and her nephew TTV Dinakaran.
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