I-T Department seize Rs 3 crore cash which went missing from Dimapur airport

A Bihar-based businessman was apprehended by the CISF here following a tip-off by the Intelligence Bureau that he was carrying "suspect money".

By: PTI | Dimapur | Published:November 23, 2016 10:39 pm
Nagaland, CISF, Income Tax department, black money, CISF nagaland, nagaland income tax, black money, dimapur, chartered flight, india news After a series of twists and turns, Rs 3.5 crore cash in demonetised currency notes, which had ‘vanished’ from the airport here, was finally seized by the Income Tax Department after frantic searches. (File Photo)

After a series of twists and turns, Rs 3.5 crore cash in demonetised currency notes, which had ‘vanished’ from the airport here, was finally seized by the Income Tax Department after frantic searches. A Bihar-based businessman, who was travelling alone in a chartered jet from Hissar, was Tuesday apprehended by the CISF here following a tip-off by the Intelligence Bureau that he was carrying “suspect money”.

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The businessman was questioned by the CISF and other security agencies, and the matter was handed over to the local income tax authorities, who let him go after he showed them some “tax exemption certificates”.

Alarm bells began ringing when IB wanted to know about the follow-up action taken by the CISF. On being told that they had handed over the matter to I-T authorities who allowed him to go, the matter was discussed at the top level between the IB and Central Board of Direct Taxes (CBDT), and frantic searches began for the man and the missing money. On getting the details and CCTV footage of the episode from CISF, the CBDT ordered I-T officials to hunt for the missing notes.

During the searches at a few premises owned by a Dimapur businessman, the taxmen were able to locate the missing Rs 3.5 crore. Not only that, they impounded another Rs 4.47 crore in demonetised Rs 500 and Rs 1000 bills.

A case has been registered by the I-T authorities and investigation is on.

A special vigil has been deployed by security agencies and the airport guarding Central Industrial Security Force in the wake of the demonetisation of the two high denomination currency notes.

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  1. S
    Shnkaranarayana rao
    Nov 24, 2016 at 12:28 am
    What comment you expect from the readers. No mirror is required to see boil in your own hand. As a voter you can change a legistrator, a party, a prime minster but how to replace the executive, judiciary and other non elected bodies either appointed or nominated who work permanently under all regime. How do you clean this dirty system or their imbibed fixed atude of administration over night. Who questions the IT officer how he let off this man negating the effort of all other agencies just because he showed a few IT clearance. Has he got any connection with the previous regime to soft pedal on this issue. IF found, how do they going to remove such inefficient moles from the system. Is it From the present judiciary system from whom we don't know how they call the final shot. We have created our own cob webs where weak get tangled and strong, tear and get away. Jai Bharath.
    Reply