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Rs 1.1-cr cash unearthed in Xerox raids

Our Bureau

NEW DELHI, July 18

THE Income-Tax Department has claimed to have recovered Rs 1.1 crore in unaccounted cash during raids on Xerox Modicorp, besides unaccounted investments in shares and fixed deposits worth nearly Rs 1 crore.

According to official sources, while Rs 1.06 crore unacounted cash was recovered from the premises of one of the conduit companies, another Rs 3.5 lakh unaccounted cash was also recovered during the 24-hour search that ended this morning.

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Rs 1.1-cr cash unearthed in Xerox raids


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