Odisha IT searches might unearth ₹290 crore; agency seizes 'highest ever' amount of dirty money

 Odisha IT searches might unearth ₹290 crore; agency seizes 'highest ever' amount of dirty money

It is anticipated that ₹290 crore worth of cash would be found in Odisha IT searches. The IT operation is probably going to be the biggest black money recovery by any agency ever because of how much money it recovered.

Following two days of continuous searches at several sites in Odisha and Jharkhand, income tax officers believe they have retrieved almost ₹290 crore. The current raid has resulted in the "highest ever" seizure of black money in a single operation by any agency, according to PTI, which cited government sources. Huge sums of money have been collected from several sites.

In order to finish counting the cash notes, the tax department has brought in more department and bank workers in addition to deploying some forty large and small counting machines. Raids were carried out by the IT department against Boudh Distillery Private Limited and other entities.

In addition, the agency has seized more cars in order to deliver the confiscated money to the state-run institutions. According to sources who spoke with the news agency, the IT department seized the offices of Congress Rajya Sabha MP from Jharkhand, Dheeraj Prasad Sahu, in addition to other properties owned by the liquor production company.

Neither the Congress MP nor the Distillery Group have released an official comment as of yet. Tax authorities are now documenting the statements of different corporate executives and other relevant parties; by the end of Saturday, the cash counting is also anticipated to be finished.

The news agency report states that it is anticipated that around Rs 290 crore would be seized in total as unaccounted cash.

Black money is constantly being deposited in official bank branches in Odisha; so far, the IT department has confiscated almost Rs 250 crore in cash. The majority of the notes are 500 ₹ denominations.

The largest sum of money ever captured in India by any agency

The amount of money seized during the IT raid is the most that any Indian agency has ever taken. Information technology personnel have retrieved around ₹230 crore in cash from 8–10 shelves at a firm location in the Bolangir area. PTI was informed by sources that the remaining funds were found in Titlagarh, Sambalpur, and Ranchi.

Following the receipt of "actionable intelligence" by tax authorities of large "out of book" sales and cash payments by booze distributors, sellers, and trade associations, the IT searches got underway.

On social media, Prime Minister Narendra Modi also brought up this significant corruption scandal. would be reimbursed, this is PM Modi's assurance. He made this statement in his most recent tweet on X, East Twitter: "The countrymen should look at the piles of these notes and then listen to the honest'speech' of their leaders... whatever has been looted from the public You will get every penny.”