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The Income Tax (I-T) Department intensified its crackdown on an Odisha-based liquor distillery group and its linked entities on Saturday, a day after Prime Minister Narendra Modi assured people that money looted from the public will be returned..
The seizure of "unaccounted" cash after the raids against Boudh Distillery Pvt Ltd and others is expected to reach 290 crore, making it the "highest-ever" black money haul by any agency in a single operation, news agency PTI reported citing sources.I)..
Top updates on Odisha cash haulAfter recovering around 225 crore till Friday, the I-T officials seized another 20 bagloads of cash from the house of a countrymade liquor manufacturer in Sudapara area of Bolangir district on Saturday, PTI reported.More than 250 crore cash has been seized till now, and cash is continuously being deposited in government bank branches in Odisha..
I-T sleuths had on Friday taken 156 cash-loaded bags to the SBI main branch at Bolangir for counting.I-T director general Sanjay Bahadur, who has been camping in Bhubaneswar for the last three days, refused to divulge details on the ongoing raids.The tax department has deployed about 40 large and small machines to count currency notes and brought in more department and bank staffers to finish the counting process, which began on December 6 following raids against Boudh Distillery Pvt Ltd and others.More vehicles have also been requisitioned by the department to transport the seized cash to government banks in the state, the report added.PTI.
reported that tax sleuths were now recording the statements of various company officials and other persons involved, and the counting of cash is expected to finish by Saturday.The ruling Biju Janata Dal in Odisha in a statement welcomed the tax raids "Jharkhand BJP leaders are saying the seized money belongs to Congress leaders..
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