Seizure of Rs 290 crore, ‘highest ever’ cash recovery in Odisha

Bhubaneswar: The effective seizure is expected to reach Rs 290 million following the Income Tax Department’s raid against a group of Odisha-based distilleries and their associated entities. Official sources said on Saturday that this was the “largest amount” of black money earned in a single operation by any agency. The tax department has deployed around 40 big and small machines for counting the bills and brought in more personnel from the department and the bank to complete the counting process, following the raid against Boudh Distillery Pvt Ltd and others on December 6. Had started. Said. Apart from these, the department has also demanded more vehicles to deliver effective tax to the government banks of the state. Sources said that during the search they also discovered local links of Congress Rajya Sabha member from Jharkhand, Dheeraj Prasad Sahu. Efforts to get a response from the MP and an email sent by PTI to the distiller group were in vain. The sources said fiscal sleuths are recording the declarations of various employees of the company and other individuals involved and added that they expected the effective count to be finished on Saturday. The total effective unaccounted amount is expected to be around Rs 290 million, PTI said. He said, till now more than Rs 25 crore cash has been deposited in the branches of public sector banks in Odisha and cash deposits are being made continuously. The bills are mainly in the denomination of Rs 500. Sources said that this is the biggest action ever taken by any agency in the country against a single group and its associated institutions. He said they recovered around Rs 230 million in cash from 8 to 10 shelves kept at the company’s facilities in Bolangir district, while the rest was recovered from locations located in Titlagarh, Sambalpur and Ranchi. The searches began after the tax collector received “processable intelligence” on the sale of huge quantities of “books” and effective dispatch by distributors, sellers and liquor trade groups. Prime Minister Narendra Modi also took note of the development and announced that the penny has to be returned, this is Modi’s guarantee.” The ruling BJD in Odisha welcomed the fiscal red flag in a statement. “In Jharkhand, BJP leaders say that the money collected belongs to Congress leaders. At the same time, Congress leaders say that it belongs to BJP leaders. Both are blaming each other. It seems that as much as BJP Congress leaders had hidden their money with this businessman,” he said.