Gold Seizure 🤑

Let AI invade your news

June 04, 2025

Hello, Earthlings! Stay weird and wonderful, always!

Heres whats going on in 🇮🇳

  • CBI’s seizure goes wild

CBI Uncovers ₹1 Crore Cash and Gold in IRS Tax Evasion Investigation

The CBI conducted searches uncovering substantial assets from individuals linked to a tax evasion investigation. Recovered items included 3.5 kilograms of gold, 2 kilograms of silver, ₹1 crore cash, documents related to a locker, 25 bank accounts, and immovable properties in Delhi, Mumbai, and Punjab. One accused is a Senior IRS officer, currently the Additional Director General, Directorate of Taxpayer Services in New Delhi. The investigation is ongoing.

Why it's important: The CBI's seizure of significant assets highlights a major tax evasion case, emphasizing the importance of financial transparency and accountability within the IRS.

Global Chronicles 🌐 

  • Over 17.8 million devotees visited Vietnam for the nationwide veneration of Buddha’s sacred relics, affirming the nation's Buddhist heritage and unity.

  • A 6.2-magnitude earthquake hit the Greek Dodecanese Islands near Turkey, followed by a 5.8-magnitude quake in Marmaris at 2:17 a.m., injuring seven.

Market Movers 🤑 

  • Foreign investors invested nearly 4000 crore rupees in Indian capital markets in May, following 4,223 crore rupees in April, reversing earlier outflows of 3,973 crore rupees (March), 34,574 crore rupees (February), and 78,027 crore rupees (January).

  • India's GST collection exceeded ₹2 lakh crore for the second straight month in May 2025, reaching ₹2.01 lakh crore (16.4% higher than May 2024's ₹1.72 lakh crore), following April's record ₹2.37 lakh crore.

Sports Spectacle 🏅 

  • Royal Challengers Bangalore and Punjab Kings clash at 7:30 PM today at Narendra Modi Stadium in Ahmedabad for the IPL 2025 title.

  • 28-year-old Pro Kabaddi legend Pardeep Narwal, with 1801 raid points, retires after going unsold in PKL 12 auction, transitioning to coaching.

Meme of the day

Thank you for being awesome readers and staying informed with our news updates! We look forward to having you join us again on the next one for more exciting stories.

Stay curious and keep smiling!
Synapses 🔗