The vice-president of Karnataka State Contractors’ Association R. Ambikapathy, who was in the news last month after the Income Tax Department recovered a huge cache of cash from him, passed away here on Monday.
According to association sources, he was ailing for a long time and had undergone a surgery recently. “He passed away following a heart attack. He was 68,” sources said.
In October, the Income Tax officials had found cash on premises owned by him and his family members as part of the multi-State search it had conducted on government contractors. Unaccounted cash of ₹94 crore, gold and diamond jewellery worth over ₹8 crore, and about 30 luxury wrist watches were seized by the IT officials.
