Additional Excise Commissioner K Lakshman Bhaskar arrested after seizing property worth Rs 30 crore from him

Crackdown against blackmoney continues across the country, raids and seizures underway.In one of the biggest raids against black money hoarders, Income Tax department found assets worth Rs. 400 cr in cash, bullion, jewellery and property papers at the premises of financer Kishore Bhajiawala in Surat. Bhajiwala was being monitored by the Income Tax department, following large deposits made by him in banks, after demonetisaton was announced.

In another incident, 18 lakh rupees in new currency notes were seized from Sector 57 in Noida and three men have been arrested in this connection. Police said The arrests were made following a tip off that some people were carrying a huge amount of counterfeit currency in Bhishanpura village in Sector 57. Police is interrogating the accused and more arrests and seizures are expected on basis of the information.

In Telangana, the Income Tax department has seized 66 lakh rupees cash in its anti-black money operations held in Hyderabad during the past two days. All the seized cash was in new 2000 rupees notes.

In Madhya Pradesh, Police has arrested two people in Shahdol for printing fake Rs 2000 new currency notes. Printer and scanner have been seized. Enquiry is underway.

Meanwhile in Andhra Pradesh,Anti Corruption Bureau arrested the Additional Excise Commissioner K Lakshman Bhaskar after seizing property worth Rs 30 crore from him.Investigating agencies are probing the matter.

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