What happens to the money caught in elections?

Election commission had announced that more than 100 Crore unaccounted money was seized from Andhra Pradesh during the election season checkings. Is it all really the black money going to be used in election? No not all. Not at least half of it. Police are conducting random checks and are seizing all the big amounts they found. It is becoming tough for common man to show the required technical aspects of money inflow and outflow. As a result the cash is being seized.

ADVERTISEMENT

The cash thus seized gets credited in the Police Deposit Fund (PDF) first. If the persons failed to answer about the source of the unaccounted money. The recovered money will be shown in the persons’ annual return. If the answers are not satisfactory, the matter will be presented before the local court. Many a times, Police are just over enthusiastic in seizing the cash and publicizing it in the media. But most of the cash is being released by IT department in hours after producing relevant proofs. Some times Police are even seizing the cash of firms who help in cash transportation to banks and other businesses.

Share
Sridhar Raavi

Sridhar is a highly experienced hand in Telugu politics, writing and analyzing political happenings in Andhra Pradesh and Telangana. An IT engineer turned news junkie, Sridhar has a sharp eye for catching news as it u…

Published by

Recent Posts

BB Telugu: Episode Of The Decade

As we all know, the third week in the Bigg Boss house is about Temptation…

1 hour ago

3 More South Remakes? Akshay & Salman Still Not Learning?

The trend of South films being made in Bollywood is not new. It is something…

2 hours ago