Income Tax Department Recovers Rs.40 Crore Cash During Raids on Shoe Traders in Agra

- Advertisement -

The Income Tax department conducted raids on shoe manufacturing businesses in Agra, resulting in the recovery of approximately Rs. 40 crore in cash. The counting of the seized cash is currently underway, and it is expected that the total amount will increase.

Raids on Shoe Traders and Associated Entities

Officials revealed that the raids were conducted on the afternoon of Saturday, targeting not only shoe traders but also their associated entities. These raids have led to the discovery of significant amounts of cash.

Multiple Shoe Traders in Agra Subject to Raids

According to a report by India Today, the raids were carried out on at least three shoe traders in the city of Uttar Pradesh. The exact details of the traders involved have not been disclosed.

- Advertisement -

Discovery of Bundles of Rs. 500 Notes

During the raids, officials uncovered several bundles of Rs. 500 notes at the residence of a footwear company owner. To ensure an accurate count, bank officers and employees were called in to assist in the counting process.

The investigation is ongoing, and further details may emerge as the authorities continue their efforts.

- Advertisement -

Share this article...

Comments

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More News...

Latest

Fake Currency Notes Found in Punjab National Bank Currency Chest in Agra

Fake Currency Notes Found in Punjab National Bank in Agra

Congress Questions Steel Minister on Disinvestment and Privatization of Steel Plants

Congress Questions Steel Minister on Disinvestment and Privatization of Steel Plants

Yes Bank and IDFC First Bank Announce Initiatives to Boost Corporate Lending

Yes Bank and IDFC First Bank Announce Initiatives to Boost Corporate Lending

Union Minister says BPCL privatization plan has been put on hold

Union Minister says BPCL privatization plan has been put on hold

86% Employees not happy with their life in India: Report

Low Employee Wellbeing in India: Gallup 2024 Report Reveals Alarming Statistics

PNB next MD & CEO appointment process to start from July

Appointment of Next Managing Director and CEO of Punjab National Bank (PNB) and Expectations for the Future

What are the Expectations of Banking Industry from Newly Formed Modi Government?

What are the Expectations of Banking Industry from Newly Formed Modi Government?

SBI Annual Report 2024 [Download PDF]

SBI Annual Report 2024 [Download PDF]

Bank of Baroda Officers start nationwide protest against Transfer Policy

Bank of Baroda Officers start nationwide protest against Transfer Policy

Bank Privatization: Can PM Modi privatize Banks after formation of coalition government?

Bank Privatization: Can PM Modi privatize Banks after formation of coalition government?

Latest News