Bengaluru: I-T department seizes cash, diamonds worth Rs 11.7 cr, gold bars in Bowring Institute's lockers

Cash, diamonds and gold bars worth several crores of rupees have been found in three lockers of the Bowring Institute, an elite club, in Bengaluru, according to the secretary of the club Srikanth.

Press Trust of India July 22, 2018 11:55:51 IST
Bengaluru: I-T department seizes cash, diamonds worth Rs 11.7 cr, gold bars in Bowring Institute's lockers

Bengaluru: Cash, diamonds and gold bars worth several crores of rupees have been found in three lockers of the Bowring Institute, an elite club, in Bengaluru, according to the secretary of the club Srikanth.

Bengaluru IT department seizes cash diamonds worth Rs 117 cr gold bars in Bowring Institutes lockers

Representational image. Reuters.

The Income Tax Department, which was alerted by the club, seized the valuables, he told reporters in Bengaluru.

On noticing the lockers attached to the tennis court in the club not being used for long, the authorities of the club decided to get them opened, he said.

Six bags were found in the lockers, following which the police were alerted and they asked the authorities of the club to approach the I-T department.

Srikanth said the I-T sleuths visited the club on Friday and opened the bags. They contained about Rs 3.90 crore in cash, diamonds worth about Rs 7.80 crore, gold bars weighing about 650 grams, a Rolex watch and another watch valued to be around Rs 35-40 lakh.

He said one of the members of the club has claimed the valuables belonged to him.

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Karnataka bypolls: State Election Commission allows postal ballot facility for those infected by COVID-19
India

Karnataka bypolls: State Election Commission allows postal ballot facility for those infected by COVID-19

The application for postal ballot paper from such electors should be accompanied by a certificate, which shows that the applicant is hospitalised in the state, or in quarantine due to COVID-19

Kerala gold smuggling case: Accused suspected to have links with Dawood Ibrahim’s gang, NIA tells court
India

Kerala gold smuggling case: Accused suspected to have links with Dawood Ibrahim’s gang, NIA tells court

Intelligence inputs suggest that proceeds from the gold smuggling were used for anti-national and terror activities, said the Central agency

Karnataka SSLC supplementary result 2020 declared at karresults.nic.in; 51.28% students qualify
India

Karnataka SSLC supplementary result 2020 declared at karresults.nic.in; 51.28% students qualify

Girls have performed better than boys in the exam. Of the total, 55.96 percent girls qualified the exam, while the pass percentage of boys was 48.56 percent