A significant amount of cash and gold was confiscated during a recent operation by the Income Tax Department, which targeted 16 locations in Bengaluru over the last two days. The operation focused on the premises of industrialists and gold merchants, yielding notable results.
Reports indicate that a total of Rs 1,33,00,000 in cash was seized, alongside 22.923 kilograms of gold jewelry, diamonds, and benami property deeds.
The timing of these events is noteworthy, as they precede the upcoming Lok Sabha elections. The confiscated items were discovered at various locations, including Shankarpur and Saradevi Road within the Bengaluru South Lok Sabha constituency, Mercantile Bank and Jayanagar 3rd Block in the Bangalore South constituency, as well as Saraswat Bank in Chamarajpet. Notably, several diamonds of substantial value were also recovered at various locations within Bangalore South.
In the midst of these developments, the campaign for the 14 Lok Sabha seats in Karnataka, set to go to polls on April 26, will conclude on Wednesday. It’s important to note that the state comprises a total of 28 Lok Sabha segments, with the remaining 14 constituencies, predominantly in the northern districts, scheduled for polling on May 7.