Archive · 22 Aug 2026
Income Tax Seizes Rs 9 Crore From Car Near Bengaluru
Officials stopped a car in Bengaluru because they were told it might be carrying illegal cash.
They found about Rs 9 crore inside the Kerala-registered car.
The car was reportedly travelling toward Hosur in Tamil Nadu.
Two people in the car were taken into custody for questioning.
One was identified as Sachin, who is linked to a jewellery business in Thoothukudi.
Officials later searched a residence in Tamil Nadu and found more cash.
Reports differ on whether that extra amount was Rs 1.3 crore or Rs 1.35 crore.
Investigators are trying to find out where the money came from and why it was being moved.
Income Tax officials seized around Rs 9 crore from a Kerala-registered car in Bengaluru’s Electronic City.
Police intercepted the vehicle after receiving information about suspected illegal cash transportation toward Hosur, Tamil Nadu.
Two people were taken into custody, including 42-year-old Sachin, who was associated with Sindhu Jewellers in Thoothukudi.
A Tamil Nadu residence search reportedly recovered an additional Rs 1.3 crore or Rs 1.35 crore.
Authorities are investigating the cash’s source, intended use, destination and compliance with financial and tax regulations.
- Who
- Income Tax officials, Bengaluru City Police and two people travelling in the car, including Sachin, associated with Sindhu Jewellers in Thoothukudi.
- What
- Officials seized around Rs 9 crore from a car and reportedly recovered an additional Rs 1.3 crore or Rs 1.35 crore during a Tamil Nadu residence search.
- When
- The interception occurred at about 10:30 p.m. on August 18; another report described it as occurring on a Friday, but the year was not specified.
- Where
- In Bengaluru’s Electronic City, with reports citing either the Veeransandra signal or the signal after the BETL Toll on Hosur Road; the additional search took place at a residence in Tamil Nadu.
- Why
- Authorities suspected illegal transportation of cash and are investigating its source, purpose, destination and regulatory compliance.
- Cash seized from car
- Around Rs 9 crore
- Additional cash
- Rs 1.3 crore in two reports; Rs 1.35 crore in another report
- Reported total
- Rs 10.3 crore using the Rs 1.3 crore figure; the total would be Rs 10.35 crore using the Rs 1.35 crore figure
- Vehicle
- Kerala-registered car reportedly travelling toward Hosur
- Interception
- Around 10:30 p.m. on August 18
- Person identified
- Sachin, 42, associated with Sindhu Jewellers in Thoothukudi
- Earlier seizures mentioned
- Rs 2.98 crore in Bengaluru on June 27 and Rs 2,73,27,500 in Belagavi in 2024
