Poll-time cash seizures cross Rs. 7.33 Cr in NE

The Investigation Directorate of Income Tax, North East Region has so far made seizures of Rs. 7.33 crores from the date of announcement of polls by Election Commission.

This massive haul during the brief period of last one month far exceeds cash seizures of Rs. 1.21 crores made by the Directorate during 2014 general elections and is already 605% of the total amount seized in the previous elections.

It is significant that nearly 75% of seizures have taken place just in the past two weeks and include operations based on independent intelligence against moneylenders and interceptions at airports by the Directorate's Air Intelligence Units across the seven sister states of North East.

A Special Task Force is being constituted to investigate hundreds of suspicious bank transactions involving high value cash deposits and withdrawals.