Chennai Election Squad Seizes 46kg Gold Worth ₹65 Crore Ahead of Polls
Chennai Election Squad Seizes 46kg Gold Worth ₹65 Crore

Massive Gold Jewellery Haul Intercepted by Chennai Election Officials

In a significant enforcement action under the model code of conduct, election flying squad officials in Chennai have seized a staggering 46 kilograms of gold jewellery, with an estimated market value of approximately ₹65 crore. The dramatic interception took place near the Red Hills area, highlighting the intensified surveillance measures implemented by authorities to prevent the illicit distribution of cash and gifts during the election period.

Vehicle Inspection Leads to Major Discovery

The operation unfolded in the Madhavaram assembly constituency, specifically near the Nallur toll plaza adjacent to Red Hills. Flying squad officials, acting on heightened alert, stopped and thoroughly inspected a vehicle that was travelling from Chennai towards Ponneri. During the inspection, officials uncovered a substantial cache of gold jewellery that had been carefully concealed within the vehicle.

Subsequent questioning of the individuals transporting the items revealed that the 46kg of gold jewellery belonged to a prominent and well-known chain of jewellery stores based in Chennai. The transporters claimed that they were merely taking the jewellery to a workshop for the purpose of crafting ornaments, a statement that immediately raised suspicions among the vigilant officials.

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Official Seizure and Documentation Process

Acting swiftly under the powers granted by the model code of conduct, the flying squad officials confiscated the entire consignment of gold jewellery. The seized items were then transported to the office of Perumal, the election returning officer for the Madhavaram constituency. In the presence of the returning officer, employees from the jewellery store chain presented what they claimed were relevant documents pertaining to the gold.

However, due to the exceptionally large volume and high value of the jewellery involved, the election officials decided to escalate the matter. They formally informed the income tax department, transferring the case for a more detailed and comprehensive investigation. The income tax officials have now taken charge of the probe, with a primary focus on verifying the legitimacy of the jewellery's ownership and the accompanying documentation.

Income Tax Department Launches Detailed Probe

The income tax department has initiated a thorough investigation to ascertain whether the owner of the jewellery possesses valid proof and authentic receipts for the possession of such a massive quantity of gold. As part of this probe, officials have specifically requested the in-charge of the jewellery store to produce the complete account ledgers related to their gold stock. This step is crucial for tracing the origin and verifying the declared inventory of the precious metal.

The seizure underscores the strict enforcement of the model code of conduct, with flying squads across the state ramping up checks to curb any potential attempts at influencing voters through the distribution of cash, liquor, or valuable items like gold. Authorities remain on high alert, and this case serves as a stark reminder of the rigorous monitoring in place during the election season.

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