Demonetisation: I-T dept raids house of Tamil Nadus chief secretary Rama Mohana Rao
Demonetisation: I-T dept raids house of Tamil Nadus chief secretary Rama Mohana Rao
Income Tax (I-T) department officials on Wednesday raided the house of Tamil Nadu Chief Secretary P Rama Mohana Rao.
"The raids have commenced at Tamil Nadu Chief Secretary`s residence," a senior Income Tax official told IANS.
ALSO READ: I-T department sends 3,000 notices for high bank deposits post notes ban
The IT department recently seized a total of 177 kg of gold and cash amounting to Rs 96 crore in withdrawn Rs 500 and Rs 1,000 notes and Rs 34 crore in the new denomination from three businessmen -- J Shekhar Reddy, Srinivasalu and Prem.
The big fish is said to be Reddy, a contractor and who has executed works for the Tamil Nadu government.
ALSO READ: Demonetisation: I-T department seizes Rs 130 crore in cash & jewellery since Nov 8
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.