1 Crore Cash Found In Water Tank During Raid, IT Dept Officials Use Iron & Hair Dryer to Dry Currency Notes | Watch
The Income Tax Department has seized Rs 8 crore in cash from the Rai family which also included a bag containing Rs 1crore in cash stuffed in a water container.
Bhopal: In Friday, the Income-tax Department raided the house and properties of liquor businessman Shankar Rai and his family in Damoh on Friday and confiscated Rs 8 crore cash and 3 kilograms of gold. Interestingly, the notes were spotted hidden in a bag kept in an underground water tank. A video has emerged on social media showing IT department officials drying the cash with the help of an iron and hair dryer.
“The Income Tax Department has seized Rs 8 crore in cash from the Rai family which also included a bag containing Rs 1crore in cash stuffed in a water container. Besides, three kilograms of gold was also confiscated”, said Munmun Sharma, Joint Commissioner of Income Tax Department, Jabalpur who headed the I-T raid.
After the operation was over, the Joint Commissioner told, “The physical raid is over and that investigation will continue on the basis of the documents seized from the Rai family which would be done in Bhopal”, Sharma added. “The department will now investigate the seized documents and unnamed properties. So, we will have to wait for the final figure”, said The Joint Commissioner.
The raid which started at 6 am on Thursday continued for 39 hours. The Tax officials raided more than ten places belonging to Shankar Rai’s family. Businessman Shankar Rai is a Congress leader and former Municipality President, while his brother Kamal Rai is a BJP leader who had been Vice President of the Municipality.
“Besides the liquor business, the Rai family also has a money lending business along with transport, hotel, bar and petrol pump”, said Munmum Sharma.
