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The Hindu
The Hindu
National
The Hindu Bureau

Seizure of ₹1 crore: ‘Money was taken to bank on direction of I-T department’, says CPI(M) Thrissur district secretary

Coming down against the Income Tax department for seizing ₹1 crore brought to a bank for depositing it in the party’s account, CPI(M) Thrissur district secretary M.M. Varghese has said the money was taken to the bank “as per the direction of the I-T officials.”

Addressing the media in Thrissur on May 1 (Wednesday), he said the I-T department “overstepped their mandate as part of a witch-hunt” against the CPI(M). The party will seek legal recourse to get the money back, he added.

“The district secretary and office secretary of the CPI(M) went to the bank after receiving a notice issued by the assistant director, Thrissur, of the Income Tax department, directing to reach the Thrissur branch of the Bank of India at 3 p.m. on April 30. They asked to bring the ₹1 crore which we withdrew from the bank on April 2. The money was withdrawn for the expenses of the district committee in the wake of the Lok Sabha elections,” said Mr. Varghese.

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