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Rs 11 crore illegal assets seized in Karnataka tax raids

Sunday, January 6, 2019, 8:49 PM

Searches by Income-Tax sleuths on Karnataka's 4 super stars and 3 ace producers across the city from January 3-5 resulted in seizure of undisclosed assets valued at Rs 11 crore, including Rs 2.85 crore in cash and 25.3 kg gold jewellery, said the department on Sunday. Incriminating evidence found during the searches resulted in the defaulters admitting to Rs 109 crore unaccounted income.

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