I-T raids continue, crores recovered from Bengaluru builder

I-T officials questioned the builder to ascertain the source of the money and the documents pertaining to several immovable properties in and around Bengaluru

Updated - October 16, 2023 10:01 am IST - Bengaluru

The raids are part of the operation carried out by I-T department against several contractors since October 12, 2023.

The raids are part of the operation carried out by I-T department against several contractors since October 12, 2023. | Photo Credit: Photo for representation only

In a continuation of the raids since Thursday, Income Tax (I-T) officials on Sunday searched an apartment in Kethamaranahalli at Rajajinagar belonging to a city-based builder and allegedly recovered cash worth several crores and incriminating documents from him.

The I-T officials questioned the builder to ascertain the source of the money and the documents pertaining to several immovable properties in and around the city. He has been issued a notice to appear before them for questioning and the officials are also probing the links of his business partners and their political affiliations.

The action is part of the operation carried out by I-T sleuths against several contractors since Thursday evening, which sparked off allegations and counter-allegations between the ruling and the opposition parties.

I-T sleuths raided the properties linked to R. Ambikapathy, the office-bearer of multiple contractors’ associations in Karnataka that had made the “40% commission” allegation against the previous BJP regime. He was also one of the contractors arrested, following a criminal defamation case filed by the former Minister Munirathna over corruption allegations, and later released.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.