Submitted by alvin on Fri, 2016-12-02 18:05 Bengaluru: The state government on Friday said that it might suspend the two officials, who were found to have stashed new currency worth several crores by the Income Tax Department, after receiving the report from the Centre. During the legislative session at Belagavi, Home Minister G Parameshwara said the officers in question could be placed under suspension. But he also clarified that the government was waiting for the report into the incident. “The state cannot act on basis of media report and the action will be taken once the government receives the report,” he said. Sources said that the action could take some time as the government had yet to receive a report from the Centre. Sleuths from the I-T department seized Rs 4.7 crore cash in newly released denominations of Rs2,000 and Rs30 lakh in smaller denominations from two senior government officials in Bengaluru. In addition to the cash, the department also recovered 7 kg of gold from the officers. One of the officials is a Chief Project Officer with the Public Works Department while another is a senior official with the Cauvery Neeravari Nigama Ltd. The IT dept is yet to officially disclose names of these officers. The sleuths also seized two imported cars from their premises.