Anantapur: Income-tax department eye on cash stash on border
Mining baron Gali and his aides reportedly exchange old currency.
Anantapur: I-T sleuths from Karnataka are eyeing large scale of transactions in Anantapur district, especially in areas closer to Karnataka border. In the wake of allegations over mining baron Gali Janardhana Reddy and his aides having exchanged hefty cash after demonetisation, the authorities are vigilant on suspected locations in the district because Reddy has close contacts and business dealings in the district who lead mining activities at Obulapuram in D.Hirehal mandal in the district.
In addition to exchange of money in Bellary and other Karnataka parts, the close aides of mining baron were reported to exchange old currency from various parts of the district in the past one month. Meanwhile, Bengaluru-based Income Tax department sleuths also raided Telugu Desam leader and contractor Amilineni Surendra Babu’s SR construction company a week ago.
The construction company was also reportedly doing various works in Karnataka.
The I-T sleuths seized several records of the construction company during recent raids. Similarly, the Post department also inspected post offices in the district two days ago following irregularities in Hyderabad city. A team of officials verified documents pertaining to cash transactions, mostly exchange of old currency. However, long queues were witnessed at ATM counters across the district on Friday, following three-day holiday for the banks.
HDFC bank counter was permitting only one card per head to draw from the ATM counter at its branch to avoid scarcity of currency. Meanwhile, State Bank of India’s ATM counter at Gandhi Bazaar turned into a centre for sale of plastic items after the counter remained closed for the past few weeks.