The Hindu Business Line : Rs 2.8 crore seized from Delhi hoteliers

The Air Intelligence Unit of the Income-Tax Department here seized Rs 2.8 crore in cash from a father-son duo belonging to the hotel industry after they disembarked at the Begumpet airport here on Thursday morning.

Addressing newspersons, the Director General of Income-Tax (Investigations), Mr M. Ahmed, said the passengers boarded an Indian Airlines flight IC-940 from New Delhi. Based on a tip off, the officials apprehended them on arrival at the domestic terminal.

Responding to queries, the I-T Director General said one of the two was identified as the Managing Director of a hotel group and resident of New Delhi. Following interrogation, searches were currently going on at several premises belonging to the duo in the national Capital. A decision on arresting them would be taken after further investigation, searches and explanations, he said.

The I-T official said preliminary interrogation revealed a source of huge cash, which turned out to be wrong. According to Mr Ahmed, the money was unaccounted.

"Otherwise why will such a huge amount of cash be carried by air. A person staying in a posh hotel is said to be involved. However, we are yet to nab him. Our teams have been staking out the place since morning, waiting for him to come back to hotel," the I-T Director General said.

More Stories on : Economic Offences | Income Tax | Andhra Pradesh

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
IMD declares onset of N-E monsoon

IKF Tech plans to grow jatropha in Africa

Law firms' plea for space

Perceptions in deficit?

Greed leads to global ruin

Canada varsity team on visit

Honour for transplant surgeon

Rs 16,522-cr capex outlay for ONGC

AP I-T collection target raised by 27 pc

Will the nightmare ever end?

Discovery Channel leads the pack

Assocham seeks more time for filing returns

`Audit should be enabler, not fault-finder'

Farm product exports will empower farmers: Kamal Nath

Rs 2.8 crore seized from Delhi hoteliers