https://www.taxtmi.com/news?id=17050 The Income Tax department carried out coordinated searches based on intelligence, seizing substantial cash including new currency notes and gold bars totaling 127 kg, and confiscating documents related to financial transactions, gold sale records and sale/purchase entries. The raids targeted an alleged syndicate involved in currency conversion; several individuals are being questioned and a state government contractor claims ownership. The department will refer the matter to enforcement agencies for further investigation into money laundering and corruption, and is scrutinising certain bank officials. en-us Fri, 09 Dec 2016 17:30:26 +0530 Fri, 09 Dec 2016 17:30:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17050 The Income Tax department carried out coordinated searches based on intelligence, seizing substantial cash including new currency notes and gold bars totaling 127 kg, and confiscating documents related to financial transactions, gold sale records and sale/purchase entries. The raids targeted an alleged syndicate involved in currency conversion; several individuals are being questioned and a state government contractor claims ownership. The department will refer the matter to enforcement agencies for further investigation into money laundering and corruption, and is scrutinising certain bank officials. News - Fri, 09 Dec 2016 17:30:26 +0530 https://www.taxtmi.com/news?id=17050