Bhubaneswar: Even as the Income Tax department continues its raids against the Boudh Distillery Private Limited even after recovering around Rs 250 crore unaccounted cash, the raiding officials have recovered a huge amount of hard currency from the house of the manager of the liquor company in Bolangir on Friday evening.
As part of its massive crackdown, the I-T department officials carried out a surprise raid at the house of the manager at Sudapada in Bolangir and recovered piles of currencies of various denominations. The officials took the cash in 19 bags in a Pick-up van to the SBI branch in Bolangir amid tight security.
The exact amount of the cash remains unclear. The cash is being counted at the bank. As per media reports, the recovered amount is estimated to be over Rs 100 crore.
The I-T department has so far unearthed around Rs 250 crore during raids being conducted against the Odisha-based distillery group and entities.
The raids launched against Boudh Distillery Private Limited on Wednesday are still continuing and cash amounting to more than Rs 200 crore has so far been recovered. The total recovery could be around Rs 250 crore, the sources said.
Three dozen counting machines have been engaged by the tax department. Since the machines are of a limited capacity, the counting is progressing at a slow pace, the sources added.
The cash amounting to Rs 200 crore, stashed in almirahs, was recovered from the premises of the distillery group in Balangir district, while the remaining amount was found from other locations, such as Sambalpur and Sundargarh in Odisha, Bokaro and Ranchi in Jharkhand and Kolkata.