Over Rs 40 crores were seized from a residence linked to a former Bengaluru corporator Ashwathamma and her husband Ambikhapathy. Officials said that the cash was packed in cartons and kept under the bed.Sources said that vast amount of money is being collected from gold jewellers and other sources in Bengaluru to fund Assembly elections in five states, especially in Rajasthan.On getting tip offs in this regard, the IT Department is conducting raids in the city.
The cash, amounting to Rs 42 crore, was found during a raid conducted late on Thursday night at a flat located in Atmananda Colony near RT Nagar.Sources said that Rs 500 denomination notes to the tune of Rs 42 crore were kept in 23 boxes under the bed.After getting a tip-off the IT officers had conducted raids at two locations in RT Nagar and they found the cash in one of the locations.Sources stated that the flat was empty and no one lived there, however, the IT sleuths are tight-lipped about the details of the flat owner.Following the development, the IT officers are questioning the former corporator and her husband at their residence.According to sources, the husband of the corporator is a contractor and he is part of the Contractor's Association which accused the previous BJP government of taking 40 per cent commission on projects.