4.25 Crores Cash Found In Raid On Karnataka Congress Leader!

Income Tax officials found over Rs. 4 crore in cash during raids at multiple places linked to former Karnataka Deputy Chief Minister G Parameshwara and his associates.

Officials said that Rs. 4.25 crore in cash has been found till now from various premises that were searched.

Around 30 places linked in Bengaluru and Tumakuru linked to the senior Congress leader were searched. The tax department is continuing with the searches this morning as well. The raids are in connection with an alleged multi-crore tax evasion case linked to medical entrance exams, officials said.

More than 300 Income Tax officials searched more premises linked to two prominent Congress leaders in Karnataka, in coordinated raids.

The raids were being conducted based on a tip-off that medical seats were being sold at the rate of Rs. 50 lakh to Rs. 60 lakh for undeserving candidates, sources in the Income Tax department said. The massive search, they said, has resulted in the seizure of cash and incriminating documents proving the alleged irregularities in medical admissions.