• search
For Quick Alerts
For Daily Alerts

IT dept seizes Rs 5 cr cash in raids against former K'taka Dy CM Parameshwara, others


Bengaluru, Oct 11: The Income Tax Department has seized about Rs 5 crore cash during raids against former Karnataka deputy chief minister G Parameshwara and others, officials said on Friday. They said the raids that began on Thursday are ongoing at about 25 locations.

IT dept seizes Rs 5 cr cash in raids against former Ktaka Dy CM Parameshwara, others

About Rs 5 crore cash has been seized till now from various premises that were searched, they said. In coordinated raids, more than 300 Income Tax sleuths swooped down on premises linked to two prominent Congress leaders in Karnataka - the former deputy chief minister and former MP R L Jalappa's son J Rajendra.

PMC Bank case: ED raids 6 locations, slaps money-laundering charge

The raids are in connection with a multi-crore tax evasion case linked to the NEET exams, officials said. Besides raiding the office, residence and institutions belonging to Parameshwara, the I-T officials also searched the residence of his brother G Shivaprasad and personal assistant Ramesh, sources in the department said.

While Parameshwara's family runs the Siddhartha Group of Institutions, which was established by his father H M Gangadharaiah 58 years ago, Rajendra runs the R L Jalappa Institute of Technology at Doddaballapura and Kolar.

For Daily Alerts
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X