CHENNAI: The proceeding source of revenue tax searches on Chennai-based SPK and Co, in which Rs 180 crore in cash and 107kg gold were seized, have exposed a nexus between some state highways officials and contractors not merely in gathering unaccounted wealth, but also in safekeeping the cash.
The I-T investigation wing, which was once following the trail of money from contractor Nagarajan Seyyadurai’s premises, seized Rs four crore hidden at a junkyard of the highways department beneath the Gemini flyover on Tuesday evening. The shop-like construction from where the cash was once seized is located as regards to the highways department place of work on Anna Salai.
Seyyadurai’s corporations were dealing with several state highways projects together with the Rs 200-crore challenge to widen Vandalur-Walajabad Road, and maintenance of several roads in Ramanathapuram, Krishnagiri and Virudhunagar districts for as regards to Rs 2,000 crore.
His industry associate in one of the vital corporations is a detailed relative of a senior AIADMK chief.
This is third time that source of revenue tax officials are searching a state govt place of work in Tamil Nadu lately. During the demonetisation section, I-T officials had searched then chief secretary Rama Mohana Rao’s place of work on the state secretariat in December 2016. Every week ago, I-T officials searched Tamil Nadu civil supplies company managing director M Sudha Devi’s place of work as they have been pursuing the nexus between the company officials and civil supplies contractor Christy Group, owned through T S Kumaraswamy.
The sleuths on Tuesday recovered a few crores of rupees allegedly belonging to Seyyadurai from a space in Mylapore. With this, the overall seizure of cash within the ongoing searches on SPK and Co has touched Rs 180 crore. I-T officials said they got Rs 34 crore from a space in Mylapore. About 107kg of gold was once also seized until Wednesday. This is without doubt one of the greatest seizures of cash in I-T searches within the country, said a senior reliable within the I-T investigation wing.
“We have seized some more jewelry, however are yet to assess their weight and price,” said the reliable. The earlier perfect seizure of cash within the state was once Rs 170 crore, from sand contractor Sekhar Reddy’s premises in December 2016.
“Nagarajan was once expecting I-T searches ever since we knocked the doors of Christy Group a week ago. Thinking that preserving cash and gold at home can be dicey, he had moved it to a few safe havens. Cash was once stacked into the boots of some vehicles too. Since we have been keeping track of each and every movement, we could seize a lot of the cash and gold within the first few hours of the search itself,” said the reliable.
The seek teams had carried a few foreign money counting machines, and because the quantity of the seized cash grew, more machines needed to be introduced in from State Bank of India after taking special permission from the financial institution headquarters, the reliable said.
The I-T investigation wing, which was once following the trail of money from contractor Nagarajan Seyyadurai’s premises, seized Rs four crore hidden at a junkyard of the highways department beneath the Gemini flyover on Tuesday evening. The shop-like construction from where the cash was once seized is located as regards to the highways department place of work on Anna Salai.
Seyyadurai’s corporations were dealing with several state highways projects together with the Rs 200-crore challenge to widen Vandalur-Walajabad Road, and maintenance of several roads in Ramanathapuram, Krishnagiri and Virudhunagar districts for as regards to Rs 2,000 crore.
His industry associate in one of the vital corporations is a detailed relative of a senior AIADMK chief.
This is third time that source of revenue tax officials are searching a state govt place of work in Tamil Nadu lately. During the demonetisation section, I-T officials had searched then chief secretary Rama Mohana Rao’s place of work on the state secretariat in December 2016. Every week ago, I-T officials searched Tamil Nadu civil supplies company managing director M Sudha Devi’s place of work as they have been pursuing the nexus between the company officials and civil supplies contractor Christy Group, owned through T S Kumaraswamy.
The sleuths on Tuesday recovered a few crores of rupees allegedly belonging to Seyyadurai from a space in Mylapore. With this, the overall seizure of cash within the ongoing searches on SPK and Co has touched Rs 180 crore. I-T officials said they got Rs 34 crore from a space in Mylapore. About 107kg of gold was once also seized until Wednesday. This is without doubt one of the greatest seizures of cash in I-T searches within the country, said a senior reliable within the I-T investigation wing.
“We have seized some more jewelry, however are yet to assess their weight and price,” said the reliable. The earlier perfect seizure of cash within the state was once Rs 170 crore, from sand contractor Sekhar Reddy’s premises in December 2016.
“Nagarajan was once expecting I-T searches ever since we knocked the doors of Christy Group a week ago. Thinking that preserving cash and gold at home can be dicey, he had moved it to a few safe havens. Cash was once stacked into the boots of some vehicles too. Since we have been keeping track of each and every movement, we could seize a lot of the cash and gold within the first few hours of the search itself,” said the reliable.
The seek teams had carried a few foreign money counting machines, and because the quantity of the seized cash grew, more machines needed to be introduced in from State Bank of India after taking special permission from the financial institution headquarters, the reliable said.
IT seizes Rs 4 cr from junkyard under flyover
![IT seizes Rs 4 cr from junkyard under flyover]()
Reviewed by Kailash
on
July 19, 2018
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