Cash, jewellery worth nearly Rs200 cr seized at Mumbai’s Borivali railway station

03 Oct 2019

1

Around 35 gold bars were recovered and the overall value of cash and jewels were pegged at Rs 200 crore. Earlier, the IT department had seized Rs 4 crore in unaccounted cash.

The Income tax department on Wednesday seized 35 gold bars and unaccounted cash worth a total Rs200 crore from Mumbai’s suburban Borivali Railway Station. The seizure comes ahead of the state assembly election slated for 21 October and the Income tax authorities are investigating whether it has anything to do with the upcoming elections.
Earlier, the Income-Tax Department seized over Rs4 crore in unaccounted cash in India’s commercial capital. The department, however, did not clarify whether the cash was linked to any political outfit.
The BJP and the Shiv Sena along with the Republican Party of India-A, the Rashtriya Samaj Paksha, the Shiv Sangram Party and the Rayat Kranti Sanghatana are pitted against the Congress-NCP alliance in the elections to the 288-member Maharashtra assembly.
Meanwhile, Maharashtra Navnirman Sena (MNS) has announced that it will contest the state Assembly elections. Talking to IANS, party President Raj Thackeray said that they will contest the Assembly elections and shall also win. He further said that names of the candidates and the seats will be announced shortly.

Latest articles

The silicon-rich AI race: how Cisco’s G300 puts networking at the center of compute

The silicon-rich AI race: how Cisco’s G300 puts networking at the center of compute

Silver jumps nearly Rs 7,000/kg; gold rises Rs 1,600 as weak US retail data boosts rate-cut bets

Silver jumps nearly Rs 7,000/kg; gold rises Rs 1,600 as weak US retail data boosts rate-cut bets

Goldman Sachs doubles down on India, climbs Wall Street rankings in crowded deal market

Goldman Sachs doubles down on India, climbs Wall Street rankings in crowded deal market

Rahul Gandhi criticises India–US trade deal as tariffs on Indian goods rise to 18%

Rahul Gandhi criticises India–US trade deal as tariffs on Indian goods rise to 18%

MPS Board Member and Senior Treasury Official Resigns Amid Insider Trading Probe

MPS Board Member and Senior Treasury Official Resigns Amid Insider Trading Probe

Eutelsat Secures €1 Billion Financing for OneWeb Satellite Procurement

Eutelsat Secures €1 Billion Financing for OneWeb Satellite Procurement

Tencent, Tesla Team Up on WeChat-Linked In-Car Features in China

Tencent, Tesla Team Up on WeChat-Linked In-Car Features in China

Australia presses Roblox over child safety concerns, regulator signals possible fines

Australia presses Roblox over child safety concerns, regulator signals possible fines

Cisco Unveils AI Networking Chip to Strengthen Position in Data Centre Boom

Cisco Unveils AI Networking Chip to Strengthen Position in Data Centre Boom