Chennai, 20: The Income Tax department has seized Rs 10 crore cash and 6 kg gold jewellery while conducting raid across the city to dig out the black money.
According to the officials, all the money is in demonetised notes of Rs 1,000 and Rs 500. The seizure was made after searches were conducted against a trader dealing in imitation jewellery at Periamet area of the city.
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Reportedly the officials conducted raid following a tip off about stashing of huge currency in scrapped high value notes. Meanwhile questioning is on with the trader regarding the seizure.
The IT officials are continued to scan and monitor all the transaction in the country post demonetisation of the old currencies on November 8.