I-T officials seize Rs 10 crore stacked in gunny bags from Vellore at DMK cadre's house

Officials from the Income Tax Department seized cash bundles from Poonjolai Srinivasan's house on Monday, a DMK officer in Vellore district read more...

I-T officials seize Rs 10 crore stacked in gunny bags from Vellore at DMK cadre's house
I-T officials seize Rs 10 crore

The sources of the IT Department said the cash more than Rs 9 crore had been recovered from Mr. Srinivasan's house in a Nadumottur village in Katpadi. 

The IT Officials recently raided Kathir Anand, son of Mr. Srinivasan a senior DMK leader and party treasurer Duraimurugan, contests at the general elections from the Vellore parliamentary constituency. 

10.50 lakh of alleged "excess" cash was recovered from Mr. Duraimurugan's properties, including Kathir Anand's college, on Saturday. The cash bundles were recovered from a godown, which was neatly packed with ward numbers written on them.

Mr. Duraimurugan stated that the raids were a "conspiracy" by some political leaders who, in the electoral arena, could not confront them.

IT officials are suspecting the cash found at the godown to have shifted from a college, which was searched on March 30, sources added, during the intervening night of March 29 and 30.

Rajya Sabha MP and Senior leader R S Bharathi told NDTV "The case is being fabricated.

MK Stalin slammed PM Narendra Modi for "misusing" the department of income tax to target political opponents for a few days. Fifteen crore rupees were recovered from a government contractor Sabesan's residence a few days ago. Income Tax officials are not excluding that this was meant to buy voters.

Pre-dawn raids were carried out by the tax sleuths at 15 to 20 locations in Karnataka on Thursday, including Bengaluru, Mandya, Mysuru, Hassan, Ramanagar and Shivamogga.