Money seized throughout Earnings Tax division raids in opposition to Odisha-based distillery and linked entities. News18.
Rs 351 crore, an quantity that many can’t even dream of, was seized within the earnings tax division raids on an Odisha-based distillery firm, owned by Congress Rajya Sabha MP Dhiraj Prasad Sahu’s household. It took the officers 5 days to rely the “highest-ever” haul carried out by any probe company within the nation in a single motion.
Cabinets and lockers stashed with foreign money notes bundled collectively have been what the IT officers witnessed over the past week because it carried out searches. Greater than three dozen counting machines and 80 officers have been deployed to sum up the quantity recovered through the raid.
The premises of Dhiraj Prasad Sahu, the Congress MP from Jharkhand, in Ranchi and different locations, have been additionally coated through the searches by the IT division.
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The marathon raids in opposition to Boudh Distillery Non-public Restricted have been launched on 6 December by the taxman on costs of tax evasion and “off-the-book” transactions.
A report by PTI quoted sources saying Rs 351 crore money has been counted until Sunday and the method has ended.
As many as 9 groups of about 80 individuals from the tax division and numerous banks labored in shifts in a 24×7 cycle to complete counting the money recovered through the raid.
One other group of 200 officers, together with safety personnel, drivers and different employees, joined in after the taxman discovered 10 almirahs full of money other than another areas.
As many as 200 luggage and trunks have been used to move the money for depositing it in numerous financial institution branches in Odisha, PTI reported sources as saying.
The utmost cache of foreign money, largely in Rs 500 denomination, was recovered from the premises of the corporate in Bolangir district, the sources stated.
The division believes that your entire cache of foreign money is “unaccounted” cash earned from money gross sales of nation liquor by the enterprise group, distributors and others.
The IT division can also be recording the statements of the executives and different employees who have been current on the searched areas and can quickly problem summonses to the primary promoters of the corporate for recording their statements. It was not clear what amount of money and different paperwork have been seized from Sahu’s home.
On Friday, Prime Minister Narendra Modi assured the those who the cash looted from the general public shall be returned and had posted a Hindi newspaper report the place the money recovered by the IT division was proven stacked.
“The countrymen should look at the pile of these notes and then listen to the honest speeches’ of their leaders …Whatever has been looted from the public, every penny will have to be returned, this is Modi’s guarantee,” the Prime Minister stated in a publish on X.
Among the high-value seizures prior to now embody one from 2019 when the GST Intelligence raided a Kanpur-based businessman and seized money amounting to Rs 257 crore and one other occasion the place money amounting to Rs 163 crore was unearthed by the I-T division throughout searches in opposition to a highway building agency in Tamil Nadu in July 2018.
With inputs from PTI