Delhi: I-T dept again raids U&I Vaults office, seizes cash, jewellery worth Rs 21 crore
The investigation wing of the Delhi Directorate of Income Tax on Friday raided the premises of U&I Vaults Limited, and seized items worth Rs 21.2 crore.
The investigation wing of the Delhi Directorate of Income Tax on Friday raided the premises of U&I Vaults Limited, and seized items worth Rs 21.2 crore.
On January 5, the Delhi Directorate of Income Tax had sealed specified lockers in a private vault in U & I Vaults in South Ex here.
The company is a subsidiary of the U & I Group, established in 1947, and is the largest Safe Deposit Vault in New Delhi, utilised by several large corporates and banks.
Meanwhile, the Delhi Directorate also seized bullion and cash worth Rs. 26 crore from Gurugram-based Jai Bharat Maruti (JBM) Group, which was raided in October as well.
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