Income Tax Department seizes Rs. 20 crore from Gutka manufacturer

The Delhi Directorate of the Income Tax Department on 11 January seized Rs. 20 Crore, including bullion and jewelry from a safe deposit vaults named U & I Vaults Limited that belonged to a Gutkha manufacturer.

"Delhi Directorate has made further seizure of 20 crores from U & I Vaults. It included 10.5 crore cash and remaining bullion and jewellery. The seizure belonged to a Gutka manufacturer and a builder," IT sources confirmed here.

The total seizure from this vault now stands at Rs. 61 crore.

Earlier on 5 January, Delhi Directorate of Income Tax had sealed some lockers in a private vault U & I Vaults in South Ex.

Meanwhile, the Delhi Directorate also seized bullion and cash of Rs. 26 crore from Gurgaon-based Jai Bharat Maruti (JBM) Group.

-ANI