IT dept seizes gold, silver worth Rs 12 cr from shop

Image
Press Trust of India Biharsharif (Bihar)
Last Updated : Oct 23 2013 | 9:32 PM IST
The Income Tax sleuths today seized large quantities of gold and silver worth Rs 12 crore from a jewellery shop at Chowk Bazar locality under Biharsharif police station area in Nalanda district, officials said.
Income Tax teams from Patna and Nalanda raided the premises of a jewellery shop and seized 26 kg gold and 130 kg silver after the owners failed to provide relevant documents in this regard, officials said.
An amount of Rs 16 lakh in cash and a mobile phone were also seized from the jewellery shop.
Altogether 22 bank accounts were sealed for the purpose of investigation, the sources said.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 23 2013 | 9:32 PM IST

Next Story