In the wake of people hoarding new currency, I-T authorities raided a law firm in Delhi’s Greater Kailash Part-I area and unearthed more than Rs 13 crore in cash.
In a joint operation with the Crime Branch of the Delhi Police, the officials raided the law firm, called T&T, owned by lawyer Rohit Tandon.
Around Rs 2.62 crore was recovered in new currency, stored in luggages, cabinets and secret chests. A stash of notes, all in Rs 1000 denomination, was also recovered from the firm.
Apart from this, Rs 7.70 crore was in denomination of Rs 1000 and Rs 3.06 crore was in smaller currency notes of Rs 100 and Rs 50, Ravindra Yadav, Joint CP (Crime Branch), said.
Tandon’s office is equipped with high-tech CCTV cameras and security features that alerted him about the raid, the police raid.
Due to fear of getting arrested, tech-savvy Tandon watched the entire raid in safety from afar on his mobile phone.
The police said the security feature in his office-cum-residence allowed Tandon to receive a notification even if anyone switches on electrical appliance.
Yadav said, after he received an alert around 10:30 pm on December 10. After sensing that something is wrong, he switched to the monitoring feature and watched the raid on his phone.
Income Tax officials are now conducting an inquiry into the source of the money.
Tandon was under police scanner for a long period of time. He has reportedly purchased a property in Delhi’s posh Jor Bagh area for a whooping over Rs 100 crore.
The police received a tip-off that a large consignment of new notes has reached his house. The police said, Tandon was indulging in transactions with old and new currency notes.
Reports suggest that Tandon had connections in the political sphere, but his office was raided following strict directions from the Prime Minister’s Office that anybody hoarding black money should not be spared.