Caught On Tape: The Tax Department Seize Rs. 2.3 Crores In Karnataka, Cash Found In Car’s Spare Tire

The Income Tax Department seized Rs. 2.3 Crores in Karnataka, the money was found inside the spare tire of the car. Officials said that the car was on its way to Shivamogga, Karnataka.

Here is the video of the cash being seized:

The income tax department received a tip-off about the money being moved to Shivamogga on Saturday. Officials stopped the cash handler and looked inside the vehicle, they later on found the cash inside the spare tire of the vehicle.

In the video, you can see the officials trying to remove cash out of the tire, huge bundles of Rs. 2000 bills were seen lying on the table.

An official statement released by the Tax department said, “Based on credible intelligence that cash would be transported from Bengaluru to Shimoga and Bhadravati, a cash handler was intercepted and his vehicle was searched. Cash in Rs. 2,000 denomination has been found stuffed inside the wheel of the vehicle. The intelligence suggested that the person is accumulating cash for distribution for election purposes. A seizure of Rs. 1 crore has been made so far in this case,” the department said. “Both these were cases where the seized cash was meant for distribution during elections.”

The statement added, “What is interesting is that the persons in charge of cash transport and distribution had removed several notes from each bundle: an average of four notes was removed from each bundle of 100 notes of Rs. 2,000 denomination, showing leakages even in this illegal cash distribution.”

On Saturday alone the tax department in Karnataka and Goa seized Rs. 4 crores in total.

Hit “Like” to follow us and stay tuned for the latest news