India
Jul 17, 2018, 11:54 AM IST
The Chennai unit of Investigation wing of Income Tax Dept. searched M/s SPK & Co., a partnership firm, which is into the business of execution of contract from the government to construct roads & highways. A huge cache of unaccounted cash & large quantity of bullion has been found. About Rs.163 crore & 100 kg gold kept in safes, lockers and two BMW cars seized till Today morning. It is one of the biggest recoveries till date. The raids were conducted after the department found "evidence of suspected tax evasion by the firm and its associates. Further investigation is on.