Income Tax Raid on Chiranjeevi's daughter, Sushmita found 35 boxes 35 Crore Rupees in cash

Income Tax Raid on Chiranjeevi's daughter, Sushmita found 35 boxes 35 Crore Rupees in cash

35 crores in cash were found at the Chennai residence of actor-politician Chiranjeevi's daughter, Sushmita.



Sushmita is married to Vishnu Prasad, who along with his father, Shiv Prasad, owns a large real estate business

The investigation Directorate of the Income Tax department, Chennai carried out search and seizure operations at Chennai on Friday.
The search resulted in the unearthing of cash of Rs.35 Crores that was found kept in a bedroom in a house at Chennai.

The cash was found nearly packed in 35 Carton boxes with each containing Rs.1 Crore in denominations of Rs.500 and Rs.1000.

In all the total cash seizure was Rs.35.66 Crores.
Besides the cash, promissory notes worth Rs.4Crores were also seized.
The total seizure of assets was Rs.39.66 Crores.
The search also resulted in the seizure of several incriminating documents.
The searches initiated on Friday afternoon were concluded on Saturday evening.

Now what punishment will be given?

As law is weak and useless people dare to create black money.

Suggested Reading-

Reasons to Ban Currency Notes of Rs.500 and Rs. 1000 in India
Effects of Ban on Currency notes of Rs. 500 and 1000.

http://realityviews.blogspot.in/2011/06/reasons-to-ban-currency-notes-of-rs500.html

Reality views by sm –

Tuesday, May 15, 2012

Tags – Black Money