1. I-T raid on contractor who had alleged 40% commission against previous BJP government
Income Tax (I-T) sleuths began search and seizure operations on October 12 against several prominent contractors in Karnataka. Sources said raids are on against at least five contractors. Of them, I-T sleuths are said to have recovered a huge cache of money from a flat associated with R. Ambikapathy, president of BBMP Contractors’ Association, and vice-president of Karnataka Contractors’ Association.
Sources said the money was stashed in over 20 cardboard boxes and kept under a bed in a flat, where the contractor did not live. Mr. Ambikapathy was a prominent face during a campaign by Karnataka Contractors’ Association alleging that kickback for the State Government’s contracts had touched an astronomical ‘40% commission’ under the previous BJP regime.
