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Tuesday 26 June 2012

Cash and 4.4 kg of gold seized in Nandyal

Kurnool: police headed by Deputy SP Naganna raided a lodge in Nandyal on Tuesday night and seized a large quantity of gold and currencies of the two men who identified themselves as bullion dealers.According to police, during a raid on a house, two men were recognized as possessing 4.480 kg of gold and Rs. 13 lakh in cash. The police took into custody, Krishnamohan and Venkata Satish Kumar, who hails from Nellore.

Tahsildar Tirupal Yadav under investigation and verification of documents held by traders. Local Merchants Association gave a commitment to support the visiting traders.The police referred the case to the officials of commercial tax and income tax for the consideration of tax evasion.

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