BENGALURU: Income tax sleuths probing the case pertaining to property documents worth Rs 500 crore and other assets valued at Rs 14 crore found in three lockers of Bowring Institute have expanded their search to various properties belonging to real estate businessman Avinash Amarlal Kukreja , to whom the assets allegedly belong.Sources in the I-T department said the officials continued their search operation through Saturday night till Sunday morning at the residence and offices of the businessman. The searches are believed to have resulted in seizure of incriminating documents.What intrigued the investigators was the fact that the lockers where the cash, jewellery and documents were stashed away were not allotted to any member of the club, lending credence to their suspicion of complicity of club staffers.“We are investigating the case from all possible angles. The seized items include documents and wealth,” BR Balakrishnan , director general of income tax (investigation) told TOI.Investigators are also probing possibilities of money laundering and FEMA (Foreign Exchange Management Act) violations.Other clubs under scanner?Other elite clubs where Avinash, who is also a tyre dealer, is a member are reportedly under the income tax scanner now and searches are expected at these establishments anytime soon. However, income tax officials did not confirm these reports.After the incident came to light, checks were conducted on other unclaimed lockers in Bowring Institute on directions from I-T sleuths. However, they only yielded broken racquets, Tshirts and shoes. I-T officials have told club officials that they have to appear before them, if summoned.

Stay updated with all the Bangalore Latest News headlines here. For more exclusive & live news updates from all around India, stay connected with NYOOOZ.