In addition to this, the agency has also taken possession of more cars in order to transfer the cash that was confiscated to state government banks.
Digital Desk: Official sources stated on Saturday, December 9, that the income tax department raids on the Odisha-based distillery group and its linked entities are expected to yield up to Rs 290 crore in "unaccounted" cash seizures. This would make the haul of black money by any agency in a single operation the "highest-ever." In an effort to complete the currency note counting process, which started on December 6 as a result of raids on Boudh Distillery Pvt Ltd and other entities, the tax department has employed around 40 large and small equipment. They have also brought in more department and bank staff members.
What else is the IT division doing to?
In addition to this, the agency has also taken possession of more cars in order to transfer the cash that was confiscated to state government banks.
"Part of the searches included a location connected to Dhiraj Prasad Sahu, the Jharkhand-based Rajya Sabha MP for the Congress," sources said.
The comments made by different firm officials and other relevant parties are now being recorded by the officials, according to the sources.
It is anticipated that the cash counting would be completed by Saturday.
"It is anticipated that around Rs 290 crore worth of unaccounted cash will be seized in total. Cash is constantly being deposited at government bank branches in Odisha, and more than Rs 250 crore in cash has been recovered so far," according to the sources.
The majority of the notes are Rs 500 denomination.
They added, "This is the largest cash seizure ever carried out by an agency in the nation as part of an action against a single group and its affiliated entities."
The IT Department ramps up its enforcement
The IT Department has intensified its pursuit of a group of Odisha-based spirits distilleries.
After retrieving around Rs 225 crore till Friday, the investigators recovered another 20 bagloads of cash from the home of a countrymade liquor manufacturer in the Sudapara region of the Bolangir district on Saturday.
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