# Indian tax authority wealth seizures

> Live situation record from CLSTR: https://clstr.news/situations/indian-tax-authority-wealth-seizures
> Updated: 2026-08-21T07:53:13.000Z. Sources: 3. Developments: 2.

Indian tax authorities have conducted significant operations to seize unaccounted wealth and investigate potential tax evasion.

In one major operation in Tamil Nadu, officials raided 22 locations linked to Nagarajan Seyyadurai, CEO of SPK and Co Expressway Pvt Ltd. The raids resulted in the seizure of approximately 163 crore rupees in cash, 100 kg of gold bars valued at over $10 million, and luxury vehicles. Authorities also confiscated electronic equipment and documents to investigate the construction firm and associated individuals.

In a separate incident near Bengaluru, Income Tax officials and police intercepted a vehicle traveling toward Hosur. This operation led to the recovery of Rs 10.3 crore in unaccounted cash. Two individuals, including a man associated with Sindhu Jewellers in Tamil Nadu, were taken into custody. The investigation expanded to include searches of residences in Tamil Nadu to determine the source and purpose of the funds.

## Timeline

### 2026-08-21: Income Tax officials seize Rs 10.3 crore in cash near Bengaluru

Income Tax officials and police seized Rs 10.3 crore in unaccounted cash during an interception near Bengaluru and a subsequent search in Tamil Nadu.

3 sources. https://clstr.news/cluster/income-tax-officials-seize-rs-103-crore-in-cash-near-bengaluru

### 2026-08-01: Indian Tax Authorities Seize $10 Million in Cash, Gold and Cars from CEO Nagarajan Seyyadurai

India’s tax department seized 163 crore rupees in cash, 100 kg of gold and two BMWs from CEO Nagarajan Seyyadurai’s firms during a large-scale raid.

2 sources. https://clstr.news/cluster/indian-tax-authorities-seize-10-million-in-cash-gold-and-cars-from-ceo-nagarajan-seyyadurai

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Cite as: Indian tax authority wealth seizures. CLSTR, https://clstr.news/situations/indian-tax-authority-wealth-seizures