Black money hoarders converted Rs 250 crores of cash into gold in Delhi
Delhi has always been a focal point for money launderers. So when PM
According to the
On Friday, the I-T department interrogated four bullion dealers in
The search was continuing on 12 shops and eight residential premises of these bullion traders on Friday night. "Preliminary findings reveal these four bullion traders had facilitated conversion of banned currencies of around Rs 250 crore into bullion through multiple bank accounts," a senior I-T official told The
I-T officials are also investigating bank accounts of the four and some shell companies through which such currencies were deposited and routed to beneficiaries. "These are new cases which have come to light and the modus operandi is similar to the previous cases that the I-T department had unearthed soon after demonetisation," the official added.