Rs 2.9 cr seized from Bengaluru flat, club owner faces probehttps://indianexpress.com/article/india/rs-2-9-cr-seized-from-bengaluru-flat-club-owner-faces-probe-4427544/

Rs 2.9 cr seized from Bengaluru flat, club owner faces probe

Officials said an elderly woman who was in the flat had refused to cooperate with the I-T sleuths on Tuesday, and did not restrain her two dogs.

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According to the I-T department, surveillance on the flat found that a man used to arrive at the apartment late at night under suspicious circumstances.

THE INCOME-TAX department on Wednesday seized Rs 2.89 crore cash, including Rs 2.25 crore in new Rs 2,000 notes, from an upscale apartment at Yeshwanthpura, in northwestern Bengaluru. The flat reportedly belongs to the co-owner of a city nightclub.

Officials said an elderly woman who was in the flat had refused to cooperate with the I-T sleuths on Tuesday, and did not restrain her two dogs. The officials returned on Wednesday and entered the flat with the help of the police.

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According to I-T officials, the apartment in Bengaluru is owned by Manjunath Gowda, a co-owner of the Sugar Factory nightclub, located at the city’s Le Meridien Hotel. Gowda has reportedly admitted to the I-T authorities that the cash was unaccounted money he had made at the club.

According to the I-T department, surveillance on the flat found that a man used to arrive at the apartment late at night under suspicious circumstances.

“He (the man) was summoned. A survey operation was also initiated immediately at a club the person is associated with, to verify his claims. Finally he admitted that the money was his unaccounted income,” the I-T department said in a statement.

The department stated that the cash has been seized and further investigation is in progress.

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Since the demonetisation of Rs 500 and Rs 1,000 currencies on November 8, the investigation wing of the Karnataka and Goa directorate of the I-T department claims to have seized Rs 20.22 crore in new Rs 2,000 currency notes, 41.6 kg bullion and 14 kg jewellery. “In the process the directorate has so far unearthed unaccounted income in excess of Rs 1,000 crore from 36 cases,’’ the department said in a statement.