With Rs 290 Cr Cash Seizure, Raids Against Odisha Distillery Set to be “Biggest” Black Money Haul

Bhubaneswar: The total cash seized by the Income Tax department against an Odisha-based distillery group and its linked entities has soared to Rs 290 crore. According to reports, it is the “highest-ever” black money seizure by any agency in a single operation in the country.

Around 40 cash counting machines are involved in the counting process of the seized money, which began on December 6, when Boudh Distillery Pvt Ltd and others were raided.

Seized cash is being transported to government banks in the state.

Raids on premises linked to Congress’s Rajya Sabha MP from Jharkhand, Dhiraj Prasad Sahu also led to cash seizure.

The counting of cash is expected to finish by Saturday, an d it is expected that the total will be around Rs 290 crore.

The seized currency notes are mostly of the Rs 500 denomination.

As per reports, around Rs 230 crore cash was seized from 10 almirahs on a premise of the liquor company in Balangir district. The rest of the cash was found in Titlagarh, Sambalpur and Ranchi.