June 14, 2017 8:07 AM

printer

ED attaches 50 kg gold worth Rs 14 cr seized from TN

The Enforcement Directorate has attached 50 kg gold worth 14 crore rupees seized from the Tamil Nadu sand mining baron Sekhar Reddy from Vellore.<br/><br/>The Income Tax officials made a search in his premises and those of his close associates in December last year following charges of conversion of demonetized currencies into new notes.<br/><br/>The search operation led to unearthing 34 crore rupees worth new 2000-rupees notes and 177 kg gold bars.<br/><br/>Several crores worth demonetized currencies were also seized from his offices. <br/><br/>Meanwhile, the Enforcement Directorate registered a case of money laundering against him and attached the 50 kg gold seized from one of his offices yesterday. <br/><br/>The anti-money laundering agency had in earlier occasions attached 34-crore rupees worth new currency, ten crore rupees demonetized notes and 36 gold bars for a total value of 68.5 crore rupees.

Most Read
View All arrow-right

No posts found.