Bengaluru: The Income Tax officials conducted a raid at a flat in Atmananda Colony of Sultanpalya in Bengaluru and are said to have seized more than Rs 40 crore cash. The raids are underway on a flat belonging to contractor R Ambikapathy and his former corporator wife Ashwathamma, TV9 Kannada reported.
A team of IT officials raided the flat on Thursday late night along with police personnel and was said to have seized more than 23 boxes containing over Rs 40 crore in cash.
According to reports, the IT sleuths found around 23 boxes below the bed of an unused room. The money was meant to be transported to a neighbouring state.
Ambikapathy is the vice president of the Karnataka State Contractors Association. The association had made 40 per cent commission allegations against the previous BJP government which had created political turmoil in the state.
Amibkapathy’s wife Ashwathamma is a former corporator of ward number 95. The IT sleuths have been said to have found documents of bank accounts and lockers. At around 10 am, the officials are likely to search the lockers belonging to the couple.
The couple is said to be a relative of a former Congress MLA in Bengaluru. Based on the interrogation, separate teams are being sent to various other places for search and seizure.
