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ED seizes 146 kgs gold worth Rs 82 crore from Hyderabad jeweller
Updated On: 19 April, 2019 08:40 AM IST | | ANI
The tax officials found out that the cash was unaccounted money and businessman was unable to explain the source of money

Vijaywada (Andhra Pradesh): The Enforcement Directorate seized approximately 146 kilograms of gold jewellery worth Rs. 82.11 from a Hyderabad based jeweller on Thursday.
"ED seized 145.89 KG of gold jewellery worth Rs. 82.11 crores as a result of searches conducted at multiple locations namely, registered office cum residence of Kailash Gupta, jewellery showroom of M/s Musaddilal Jewellers Pvt Ltd (MJPL) at Hyderabad, ongoing investigation under the provisions of Prevention of Money Laundering Act, 2002 (PMLA) in a demonetisation case," ED said in a statement.
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