AGENCIES / CHENNAI

Income Tax Department has unearthed unaccounted income worth 595 crore rupees from Coimbatore’s Lottery tycoon Martin Santiago. IT Department carried out nationwide searches at 70 premises in Coimbatore, Chennai, Kolkata, Mumbai, Delhi, Hyderabad, Guwahati, Siliguri, Gangtok, Ranchi, and Ludhiana related to Santiago. According to Income Tax official, incriminating evidence was found during the searches and the assessee has admitted unaccounted income of 595 crore rupees received from stockists towards manipulation of prize winning tickets.