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Coimbatore
Rs.1.38 crore seized money lies unclaimed in Coimbatore
April 29, 2016
Nearly Rs.1.38 crores, seized during vehicle searches at various points, is lying unclaimed in Coimbatore district, according to authorities.
Ever since the Model Code of conduct came to effect, the election department and the Income Tax department have seized about Rs.25.56 crores during routine vehicle searches across the 10 assembly constituencies in the district.
Of this, about Rs.24.18 crores were returned to the owners, after they produced valid documents for possessing the money. But, there were no claimants for Rs.1.34 crores, seized from two passengers of Karnataka State Road Transport Corporation bus early this week. The money continues to remain with the Income tax Department.
Another Rs.2.49 lakhs unclaimed money is kept in the Government treasury.
