Rs 44 cr cash, 90 kg gold, Rs 20 cr worth US dollars seized in I-T raids on properties linked to spiritual guru Kalki Bhagwan - News Summed Up

Rs 44 cr cash, 90 kg gold, Rs 20 cr worth US dollars seized in I-T raids on properties linked to spiritual guru Kalki Bhagwan


The Income Tax (I-T) Department seized Rs 44 crore in cash, Rs 20 crore worth US dollars and 90 kgs of gold during the search conducted on at least forty properties of 'White Lotus' owned by the son of Wellness Guru, Kalki Bhagwan in Chennai, Hyderabad, Bengaluru, Chittoor and Kuppam on October 16. The IT department estimates the unaccounted cash receipts to be of Rs 409 crore. The IT department also seized US currencies worth Rs 18 crore and diamonds amounting to 1271 carats valued approximately at about Rs 5 crore. The total seizure of the IT department is valued to be approximately Rs 93 crore. The undisclosed income of the group is estimated to be more than Rs 500 crore.


Source: dna October 21, 2019 14:03 UTC



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