In a totally unexpected turn of events, a team of the Income Tax Department raided as many as 100 lockers at a private vault on Sunday.
The raid was carried out in Delhi’s Chandni Cowk area.
The IT sleuths managed to unearth so far cash worth Rs. 25 crore.
It is said that the raids were carried out in at least eight locations across the city I-T Department, as per sources.
Preliminary investigations suggest that hawala traders were using the private lockers to keep their money said sources.
The cash allegedly belonged to some high profile individuals based in the National Capital Region (NCR).
The list of people who own the cash could include tobacco traders, chemical traders and dry fruit dealers.
The IT sleuths also have reasons to believe that these businessmen were apparently involved in hawala trading and had big international links.>