₹500cr in assets seized from basmati rice firm owner: Report
The I-T Department has launched raids on the owner of Shri Lal Mahal Basmati Rice and assets worth ₹500 crore have been seized, including ₹120 crore in cash, according to reports. The I-T Department has conducted searches on a daily basis since the demonetisation drive. The department has revealed that it detected undisclosed income worth ₹4,663 crore till January 1.