I-T dept found Rs 5 cr cash in raids against Karnataka former Dy CM Parameshwara

I-T dept found Rs 5 cr cash in raids against Karnataka former Dy CM Parameshwara :- As per the officials on Friday, the Income Tax Department has seized around Rs. 5 crore cash during raids against former Karnataka deputy chief minister G Parameshwara and others.

I-T dept found Rs 5 cr cash in raid

The officials further added that the raids that began on Thursday are still ongoing at about 25 locations. About Rs. 5 crore cash has been seized so far from various premises that were being searched. In the 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.

Talking about the raids, the officials told that the raids are in connection with a multi-crore tax evasion case linked to the NEET exams. According to the sources from the department, besides raiding the office, residence and institutions belonging to Parameshwara, the I-T officials have also searched the residence of his brother G Shivaprasad and personal assistant Ramesh.

I-T raids on Karnataka Dy CM Parameshwara

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

Karnataka’s leader of the opposition, Siddharamaiah, had in a tweet on Thursday slammed the raids and called them “politically motivated”. He wrote, “They are only targeting @INCKarnataka leaders as they have failed to face us on policy & corruption issues. We won’t budge to any such tactics.”