The seizure of "unaccounted" cash after the income-tax department raided an Odisha-based distillery group and entities linked to it is expected to reach Rs 290 crore, making it the "highest-ever" black money haul by any agency in a single operation, official sources said on December 9.
The tax department has deployed about 40 large and small machines to count the currency notes and brought in more department and bank staffers to finish the process, which began on December 6 following raids against Boudh Distillery Private Limited and others, the sources said. Besides these, more vehicles have also been requisitioned by the department to transport the seized cash to government banks in the state.
A premises linked to Congress's Rajya Sabha MP from Jharkhand, Dhiraj Prasad Sahu, was also searched as part of the operation, the sources said. Sahu's staff expressed their inability to get a comment from the MP when
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.