Tax sleuths unearth cash stashed away in TN warehouse

Income Tax sleuths on Monday found cash believed to be worth crores concealed in a cement godown in Vellore district. The cash was stuffed in cartons and gunny bags, sources said. The development comes days after premises of a DMK leader Duraimurugan was raided.

Chennai: Days ahead of the April 18 elections, Income Tax sleuths on Monday said they found cash believed to be worth crores concealed in a cement godown belonging to an associate of a DMK leader in Vellore district.

Official sources said that the cash was stuffed in cartons and gunny bags and was neatly packed for division-wise distribution. It was unearthed by its investigation wing officials on Monday. The development comes days after tax sleuths raided the premises belonging to DMK treasurer Duraimurugan and seized Rs 10.50 lakh in Vellore.

The sources said that the seized cash was being counted and other details would be known later. During searches at the residence of Duraimurugan on Saturday, printouts of details of some wards were seized, which was dismissed as junk by the assessee. The cash found at the godown is suspected to have been shifted during the intervening night of March 29 and 30 from a college, which was searched on March 30, the source said.