New Delhi, Dec 2: Income Tax Department on Sunday raided as many as 100 lockers at a private vault in Chandni Chowk area in Delhi and seized cash worth Rs. 25 crore. These raids were done at least eight locations across the city, I-T Department sources confirmed to news agency ANI. Introductory investigations suggest that hawala traders were using these private lockers to keep their money, sources said.
The cash raided was allegedly belonged to high-profile businessmen based in the National Capital Region (NCR), including tobacco traders, chemical traders and dry fruit dealers. As per sources, these businessmen were apparently involved in hawala trading and reportedly had big international links.
This is the third major 'locker operation' carried out by the Income Tax Department this year. Earlier in September the Enforcement Directorate (ED) raided multiple locations in Delhi and Mumbai in connection with a Rs. 700 crore Dubai-linked hawala racket seizing Rs. 29 lakh cash and a number of documents.
Sources said that these raids were linked to the businesses and alleged illegal financial transactions linked to a Dubai-based hawala operator Pankaj Kapur, who is already being investigated in a hawala case to the tune of Rs. 3,700 crore.
Earlier in January, the Income Tax Department had seized cash worth more than Rs. 40 crore from another private vault in the upmarket South Extension Part 2 in the capital.