I-T conducts raid at U&I Vaults, Rs. 21.2 crore seized

Updated:10 months, 1 week ago IST

New Delhi, Jan 13 (ANI): The investigation wing of the Delhi Directorate of Income Tax raided premises of U & I Vaults Limited, and seized items worth Rs 21.2 crore. The seized value includes cash worth Rs 8 crore, jewellery and bullion worth the remaining amount. So far, the total seizure from this vault is Rs 85.2 crore. On January 11, the investigation wing of the I-T department had sealed the locker of Gutkha manufacturer and seized Rs 20 crore from U & I Vaults, which included Rs 10.5 crore worth cash and remaining bullion and jewellery. This is the third time in a span of 13 days that raids are being conducted in the U&I Vaults office.

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