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Coalgate: I-T seizes Rs 25 cr found at Hindalco office

Income Tax department today seized Rs 25 crore that was recovered by CBI here during searches at the office of Hindalco Industries, even as the probe agency claimed to have recovered more cash from the company in connection with its investigation in the coal scam

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"The cash has been seized under Income Tax laws and further proceedings to check the source of the money are on," an official said. Later, a spokesperson of the Aditya Birla group said they were cooperating with the probe agencies.

u00a0"The company is taken aback by the discovery of cash at one of its offices by the investigating agency. It has taken a very serious view of the matter and has instituted an internal team of senior managers to make a thorough investigation and report its findings at the earliest.

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