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IT dept. seizes Rs. 20 crore from Gutka manufacturer

ANI  |  New Delhi [India] 

The Directorate of the Department on Thursday seized Rs. 20 Crore, including bullion and jewelry from a safe deposit vaults named that belonged to a Gutkha manufacturer.

"Directorate has made further seizure of 20 crores from U & I Vaults. It included 10.5 crore cash and remaining bullion and jewellery. The seizure belonged to a manufacturer and a builder," IT sources confirmed here.

The total seizure from this vault now stands at Rs. 61 crore.

Earlier on January 5, Directorate of had sealed some lockers in a private vault U & I Vaults in South Ex.

Meanwhile, the Directorate also seized bullion and cash of Rs. 26 crore from Gurgaon-based (JBM) Group.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 11 2018. 12:50 IST