IT Raid on DN Group Continues on 2nd Day, Rs 30 Cr Unearthed a Day Back

Bhubaneswar: Raids by the Income Tax (I-T) department on the premises of DN Group, a real estate firm, continued for the second day on Tuesday. According to sources, raids were on at the Postal Colony in Bhubaneswar.

The IT department had conducted simultaneous raids at 20 places related to the company across Odisha. They included the office of the DN Group, houses of its founder, managing director and senior officials of the company.

As per reports, cash worth Rs 30 crore was recovered from the rented house of an employee of the company at the Postal Colony of Bhubaneswar on Wednesday.

The IT department has not made any officials statement regarding these raids. The DN Group is a major real estate firm in Odisha.