IT Deptt Raids TN Jeweller; Uncovers Rs 1000 Cr Undisclosed Income

Ahead of the assembly polls, the IT department on March 4 seized undisclosed income worth Rs 1,000 crore from the premise of a reputed Tamil Nadu jewellery retailer. Reportedly, various fictitious and fake credits, including unexplained cash deposits were also uncovered during the search operation. Besides launching search operation at 27 premises including outlets in Chennai, Madurai, Trichy, Mumbai, Jaipur, and Indore, the department seized unaccounted cash worth Rs 1.2 crore.