Tag Archives: black money

550 crores found in a club locker !!! Indian Alfas & unaccounted wealth

Documents on real estate worth 500 crore plus cash, gold, diamonds, signed blank cheques… in Bengaluru Club Lockers

Suresh / 10 hrs ago /

The badminton club at Bowring Institute, where cash, diamonds, gold biscuits and documents were found in Avinash Amarlal Kukreja’s (inset) lockers. (DH Photo/ SK Dinesh)

(pic) The badminton club at Bowring Institute, where cash, diamonds, gold biscuits and

…. property documents were found in Avinash Amarlal Kukreja’s (inset) lockers.

(DH Photo/ SK Dinesh)


Bengaluru:

A businessman and permanent member of the Bowring Institute (BI), a prestigious badminton club in the city, had reportedly stashed several incriminating documents of alleged benami properties in Devanahalli and Begur village in Bengaluru worth over Rs 550 crore, cash worth Rs 3.90 crore, diamonds worth around Rs 8 crore, gold biscuits weighing 650 gms and two top international brand watches — Rolex and Peugeot worth lakhs of rupees — in three lockers in the badminton court of the club.

Besides the cash, diamonds and property documents, one of the bags reportedly contained several bank cheques of huge amounts, ranging from Rs 5 crore to Rs 50 crore. “There was an entire signed blank cheque book,” said BI secretary Srikanth H.S.

A five-member team of senior staff of the club under directions from Srikanth on July 19 broke open the three lockers – 69, 71 and 78 – in the badminton court, which were reportedly stacked with the alleged ill-gotten wealth and assets of Avnash Amarlal Kukreja, who had reportedly been using the lockers without the club authorisation.

Local Police and I-Tax authorities are investigating.

 —————————————————————–
Source of News… DECCAN CHRONICLE. | BALA CHAUHAN

Published   Jul 22, 2018, 1:59 am IST
Updated     Jul 22, 2018, 1:59 am IST
—————————————————————–