IT dept. seizes Rs. 20 crore from Gutka manufacturer
The Delhi Directorate of the Income Tax Department on Thursday seized Rs. 20 Crore, including bullion and jewelry from a safe deposit vaults named U & I Vaults Limited that belonged to a Gutkha manufacturer.
"Delhi 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 Gutka manufacturer and a builder," IT sources confirmed here.
The total seizure from this vault now stands at Rs. 61 crore.
Earlier on January 5, Delhi Directorate of Income Tax had sealed some lockers in a private vault U & I Vaults in South Ex.
Meanwhile, the Delhi Directorate also seized bullion and cash of Rs. 26 crore from Gurgaon-based Jai Bharat Maruti (JBM) Group.
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