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.
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.
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.
The price of 10 grams of 22-carat gold in New Delhi and Mumbai, has reached Rs 47,850 and Rs 48,200 respectively
In Chennai, the value of 10 grams of 22-carat gold touched Rs 46,290 whereas, in Kolkata, it was valued at Rs 48,500.
In the national capital- New Delhi, 10 grams of 22-carat gold is being bought at Rs 48,050 while for the same quantity in the financial capital- Mumbai, 22-carat gold is being traded at Rs 48,100