Hyderabad: Income Tax Officials had in full swing raiding banks and Jewelry shops in Delhi, Kolkata, Mumbai ,Bangalore Hyderabad and Chennai.
They are also watchful on the poor persons standing in queues for exchanging old notes. There are incidents of depositing huge amounts of old currency in rural banks. Crores of rupees worth gold has been purchased during the last two days. IT Officials have also raided these shops. Real Estate traders are too under observation.